Question

  When shall the resolution professional shall invite prospective resolution applicants to submit a resolution plan or plans, to compete with the base resolution plan as per the IBC?

A Where the committee of creditors approve the base resolution plan
B Where the committee of creditors does not approve the base resolution plan
C Where the base resolution plan does not impairs any claims owed by the corporate debtor to the operational creditors
D Where the committee of creditors so directs the resolution professional
E Where the base resolution plan is not submitted on time
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