While approving Resolution Plan, NCLT mentioned that wherever required the Resolution Applicant may approach/have all liberty to approach the concerned statutory/ competent authority for any concession, waiver or exemption as per prevailing law(s) of the land. It is needless to mention herein that approval of the Resolution Plan does not mean automatic waiver or abatement of legal proceedings, if any, which are pending by or against the Company/ Corporate Debtor as those are the subject
matter of the concerned Competent Authorities having their proper/own jurisdiction to pass any appropriate order as the case may be.