https://www.taxtmi.com/caselaws?id=404460 Operational creditors, including employees, were entitled only to the rights expressly conferred by the Insolvency and Bankruptcy Code and the regulations governing resolution, namely claim lodging, verification, and receipt of treatment under the plan. The statutory scheme did not confer any right to obtain a copy of the resolution plan before approval, to intervene in the approval proceedings, or to be heard by the Adjudicating Authority, and general principles of natural justice could not enlarge that limited entitlement. The confidentiality obligation under the insolvency regulations remained binding, so the resolution professional could not be compelled to disclose the plan. The applications were therefore rejected. en-us Mon, 22 Feb 2021 00:00:00 +0530 Wed, 24 Feb 2021 09:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404460 Operational creditors, including employees, were entitled only to the rights expressly conferred by the Insolvency and Bankruptcy Code and the regulations governing resolution, namely claim lodging, verification, and receipt of treatment under the plan. The statutory scheme did not confer any right to obtain a copy of the resolution plan before approval, to intervene in the approval proceedings, or to be heard by the Adjudicating Authority, and general principles of natural justice could not enlarge that limited entitlement. The confidentiality obligation under the insolvency regulations remained binding, so the resolution professional could not be compelled to disclose the plan. The applications were therefore rejected. Case-Laws Insolvency and Bankruptcy Mon, 22 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404460