https://www.taxtmi.com/caselaws?id=388200 The Supreme Court overturned NCLAT's decision modifying a resolution plan due to alleged discrimination against financial creditors. The Court held that the plan, approved before the amendment to Regulation 38, did not violate Section 30 of the IBC. The appellant's offer exceeded liquidation value, and the plan had been implemented, leading to the restoration of NCLT's decision. The appeal succeeded, with no costs awarded. en-us Fri, 08 Nov 2019 00:00:00 +0530 Fri, 08 Nov 2019 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388200 The Supreme Court overturned NCLAT's decision modifying a resolution plan due to alleged discrimination against financial creditors. The Court held that the plan, approved before the amendment to Regulation 38, did not violate Section 30 of the IBC. The appellant's offer exceeded liquidation value, and the plan had been implemented, leading to the restoration of NCLT's decision. The appeal succeeded, with no costs awarded. Case-Laws Insolvency and Bankruptcy Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388200