The paper intends to enhance transparency in recording CoC deliberations while approving resolution plans, rationalise approval of insolvency resolution process costs (CIRP costs), and require a structured Going Concern Assessment Report at the first CoC meeting. It clarifies that delayed claims accepted by the resolution professional must be placed before the Adjudicating Authority for condonation, with the CoC’s role limited to recommendations on treatment in the plan. It also proposes excluding related operational creditors from CoCs, constituted solely of operational creditors to avoid conflict of interest.