This article presents flexible resolution approach as a way forward to curb the menace emanating from inclusion of going concern sale.

There is need for a legislative amendment to bring in consistency in the treatment given to security holders under a resolution plan.

Authors analyze the power of CoC to reconsider or review its approval in a case where the successful plan is pending the approval of AA.

The author foresees several ramifications of the SC judgment in Ebix v. Committee of Creditors of Educomp Solutions.