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of <h1>Appeal Against Corporate Resolution Plan Approval Under IBC: Grounds and Process Explained in Sections 61(3) and 32.</h1> An appeal against an order approving a corporate resolution plan under the Insolvency and Bankruptcy Code (IBC) can be filed based on specific grounds outlined in Section 61(3). These grounds include contravention of existing laws by the resolution plan, material irregularities by the resolution professional, failure to adequately address debts owed to operational creditors, non-prioritization of insolvency resolution process costs, or non-compliance with criteria specified by the Board. The appeal process is governed by Section 32, which refers to these provisions for challenging the approval of a resolution plan.
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