(1) On the basis of the repayment plan, the resolution professional shall apply to the Adjudicating Authority for a discharge order in relation to the debts mentioned in the repayment plan and the Adjudicating Authority may pass such discharge order.
(2) The repayment plan may provide for-
(a) early discharge; or
(b) discharge on complete implementation of the repayment plan.
(3) The discharge order shall be forwarded to the Board, for the purpose of recording entries in the register referred to in section 196.
(4) The discharge order under sub-section (3) shall not discharge any other person from any liability in respect of his debt.
Insolvency and Bankruptcy Code 2016
Section 111 Approval of repayment plan by creditors
Section 112 Report of meeting of creditors on repayment plan
Section 113 Notice of decisions taken at meeting of creditors
Section 114 Order of Adjudicating Authority on repayment plan
Section 115 Effect of order of Adjudicating Authority on repayment plan
Section 116 Implementation and supervision of repayment plan
Section 117 Completion of repayment plan