https://www.taxtmi.com/caselaws?id=294956 Section 61(3) of the Insolvency and Bankruptcy Code confines appellate review to specified grounds, so a challenge to whether a claimant is secured or unsecured, being a factual classification, could not be reopened in appeal. The approved resolution plan was not interfered with because the distribution reflected the committee of creditors' commercial wisdom and no statutory violation was shown. A State tax claim based on a first charge under the Gujarat VAT Act did not make the claimant a secured creditor in insolvency, as the Code's distribution scheme prevailed. Provident fund dues were excluded from the corporate debtor's assets and had to be paid in full, including interest. en-us Thu, 19 Dec 2019 00:00:00 +0530 Wed, 12 May 2021 08:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294956 Section 61(3) of the Insolvency and Bankruptcy Code confines appellate review to specified grounds, so a challenge to whether a claimant is secured or unsecured, being a factual classification, could not be reopened in appeal. The approved resolution plan was not interfered with because the distribution reflected the committee of creditors' commercial wisdom and no statutory violation was shown. A State tax claim based on a first charge under the Gujarat VAT Act did not make the claimant a secured creditor in insolvency, as the Code's distribution scheme prevailed. Provident fund dues were excluded from the corporate debtor's assets and had to be paid in full, including interest. Case-Laws Insolvency and Bankruptcy Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294956