Read the following statements carefully:1.The Insolvency and Bankruptcy Board of India (IBBI) has amended norms pertaining to insolvency resolution process for corporate persons and liquidation process.2.The amendments specify the process for withdrawal of applications before the constitution of Committee of Creditors (CoC) and other scenarios. 3.CoC has to approve a plan providing for contribution for meeting the liquidation costs.Which of the above statements is/are correct?

• A. Only 1
• B. Only 1 and 2
• C. Only 1 and 3
• D. Only 2 and 3
• E. All are correct