As per the IBC the resolution professional shall examine each resolution plan received by
him to confirm that each resolution plan____________________
IBC Section 30-Submission of resolution plan: (2) The resolution professional shall examine each resolution plan received by him to confirm that each resolution plan— (a) provides for the payment of insolvency resolution process costs in a manner specified by the Board in priority to the payment of other debts of the corporate debtor; (b) provides for the payment of debts of operational creditors in such manner as may be specified by the Board which shall not be less than–– (i) the amount to be paid to such creditors in the event of a liquidation of the corporate debtor under section 53; or (ii) the amount that would have been paid to such creditors, if the amount to be distributed under the resolution plan had been distributed in accordance with the order of priority in sub-section (1) of section 53, whichever is higher, and provides for the payment of debts of financial creditors, who do not vote in favour of the resolution plan, in such manner as may be specified by the Board, which shall not be less than the amount to be paid to such creditors in accordance with sub-section (1) of section 53 in the event of a liquidation of the corporate debtor. (c) provides for the management of the affairs of the Corporate debtor after approval of the resolution plan; (d) the implementation and supervision of the resolution plan; (e) does not contravene any of the provisions of the law for the time being in force; (f) conforms to such other requirements as may be specified by the Board.
Statement:
Only a few Heel is Sandal
All Sandals are Laces
Only Lace is buckle
Conclusion:
I. Some Heels are La...
Statements:
All shares are debentures.
No debenture is an equity.
Conclusions: ...
Statement :
All flowers are thorns.
Some flowers are leaves.
Conclusion:
I. No leaf is a thorn.
...Statements:
All clouds are earths.
No earth is a planet.
Conclusions:
I. No cloud is a planet.
II. Some pl...
Statements : Allsquares are circles.
No circle is a tangent.
Some tangents are perpendiculars.
Conclusions : I. Some perpen...
Statements:
No watches are mobile.
Some mobile is earphone.
Only a few earphones is bike.
Only a few bike is car.
...
Statements: No bike is a car.
All car are cycle.
Conclusions: I. Some cycle are n...
Statements:
No book is a pencil.
All books are boards.
All boards are dusters.
No eraser is a duster.
Statements:No town is a city.
All cities are islands.
Conclusions:I. No island is a town.
II. All islands are cities.
Statements:
Only a few Rayon is Cotton.
No Cotton is Muslin.
Only a few Muslin is Modal.
All Modal are Silk.
Co...