Direct Answer
The “Committee for Stressed Micro, Small and Medium Enterprises” is the authority responsible for approving the resolution plan
Consortium/Multiple Banking: The Committee includes representatives from all participating banks (JLF – Joint Lenders Forum structure). Sole Banking (Single Lender): Since there are no other banks to consult, the Committee consists of the designated senior officer at the next higher level (e.g., Regional or Zonal Office) to ensure an unbiased review of the Branch’s proposal