https://www.taxtmi.com/caselaws?id=431497 Claims of homebuyers were refused because alleged payments and no-dues certificates were not supported by reliable records, and differential treatment of homebuyers versus the financial creditor in the resolution plan was held to fall within the commercial wisdom of the Committee of Creditors. A resolution plan was also not impermissible merely because its value was below liquidation value, as liquidation value is only an aid to decision-making and not a mandatory approval benchmark. Alleged association between the successful resolution applicant and the financial creditor did not by itself create a disqualification, since lawful funding support is not prohibited and the alleged collusion was unproven. The resolution plan was therefore sustained. en-us Tue, 13 Dec 2022 00:00:00 +0530 Thu, 15 Dec 2022 09:30:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431497 Claims of homebuyers were refused because alleged payments and no-dues certificates were not supported by reliable records, and differential treatment of homebuyers versus the financial creditor in the resolution plan was held to fall within the commercial wisdom of the Committee of Creditors. A resolution plan was also not impermissible merely because its value was below liquidation value, as liquidation value is only an aid to decision-making and not a mandatory approval benchmark. Alleged association between the successful resolution applicant and the financial creditor did not by itself create a disqualification, since lawful funding support is not prohibited and the alleged collusion was unproven. The resolution plan was therefore sustained. Case-Laws Insolvency and Bankruptcy Tue, 13 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431497