https://www.taxtmi.com/caselaws?id=431499 A fresh limitation objection to initiation of CIRP could not be entertained where it had not been raised before the Adjudicating Authority and the section 7 admission had already been challenged before the Supreme Court, which dismissed that challenge on delay and on merits. The resolution plan approval was also found free from legal infirmity because the Committee of Creditors exercised its commercial wisdom, the plan was held compliant with the Insolvency and Bankruptcy Code, and similarly situated secured creditors were treated equitably. The direction for release of title deeds was only consequential to the approved plan, so no independent illegality arose. en-us Tue, 13 Dec 2022 00:00:00 +0530 Thu, 15 Dec 2022 09:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431499 A fresh limitation objection to initiation of CIRP could not be entertained where it had not been raised before the Adjudicating Authority and the section 7 admission had already been challenged before the Supreme Court, which dismissed that challenge on delay and on merits. The resolution plan approval was also found free from legal infirmity because the Committee of Creditors exercised its commercial wisdom, the plan was held compliant with the Insolvency and Bankruptcy Code, and similarly situated secured creditors were treated equitably. The direction for release of title deeds was only consequential to the approved plan, so no independent illegality arose. Case-Laws Insolvency and Bankruptcy Tue, 13 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431499