https://www.taxtmi.com/caselaws?id=300907 Valuation of the corporate debtor was upheld where registered valuers were appointed under the CIRP Regulations and a third valuer was used after significant variation, and objections based on an earlier private valuation or alleged lack of physical verification were rejected. A belated Section 12A withdrawal proposal, procedural complaints on timelines and forms, and the challenge to related-party classification also failed because no legal infirmity or prejudice was shown. Differential treatment between related and unrelated creditors and pending avoidance applications did not invalidate the plan. The prospective applicant who never submitted a resolution plan lacked locus to challenge the process, and the plan was approved as it satisfied the Code and Regulations, with the CoC's commercial wisdom remaining limitedly reviewable. en-us Thu, 15 Jul 2021 00:00:00 +0530 Thu, 03 Mar 2022 06:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300907 Valuation of the corporate debtor was upheld where registered valuers were appointed under the CIRP Regulations and a third valuer was used after significant variation, and objections based on an earlier private valuation or alleged lack of physical verification were rejected. A belated Section 12A withdrawal proposal, procedural complaints on timelines and forms, and the challenge to related-party classification also failed because no legal infirmity or prejudice was shown. Differential treatment between related and unrelated creditors and pending avoidance applications did not invalidate the plan. The prospective applicant who never submitted a resolution plan lacked locus to challenge the process, and the plan was approved as it satisfied the Code and Regulations, with the CoC's commercial wisdom remaining limitedly reviewable. Case-Laws Companies Law Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300907