https://www.taxtmi.com/caselaws?id=431608 Under Section 31 of the Insolvency and Bankruptcy Code, the Adjudicating Authority has a binary role: it may approve a resolution plan if the Section 30 requirements are met, or reject it if they are not. It cannot rewrite an approved plan or add fresh substantive conditions after Committee of Creditors approval, so the modification inserted in the approval order was impermissible and was set aside. A belated challenge alleging fraud, suppression and disputed MSME status was not allowed to disturb the approval, because the relevant materials were already before the Adjudicating Authority and the issue had not been timely assailed. en-us Wed, 14 Dec 2022 00:00:00 +0530 Sat, 17 Dec 2022 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431608 Under Section 31 of the Insolvency and Bankruptcy Code, the Adjudicating Authority has a binary role: it may approve a resolution plan if the Section 30 requirements are met, or reject it if they are not. It cannot rewrite an approved plan or add fresh substantive conditions after Committee of Creditors approval, so the modification inserted in the approval order was impermissible and was set aside. A belated challenge alleging fraud, suppression and disputed MSME status was not allowed to disturb the approval, because the relevant materials were already before the Adjudicating Authority and the issue had not been timely assailed. Case-Laws Insolvency and Bankruptcy Wed, 14 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431608