https://www.taxtmi.com/caselaws?id=434686 A dissenting creditor who had notice of the sale process, participated in the committee proceedings, raised objections and voted against the resolution could not later challenge sale approval for want of separate impleadment, because there was no denial of hearing or breach of natural justice. A prior Supreme Court stay did not bar the adjudicating authority from proceeding with approval of a distinct asset-sale transaction under the resolution framework, as a stay only renders the earlier order inoperative and does not extinguish it. The challenge to the sale approval therefore failed, and no ancillary relief remained available. en-us Tue, 28 Feb 2023 00:00:00 +0530 Thu, 02 Mar 2023 08:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434686 A dissenting creditor who had notice of the sale process, participated in the committee proceedings, raised objections and voted against the resolution could not later challenge sale approval for want of separate impleadment, because there was no denial of hearing or breach of natural justice. A prior Supreme Court stay did not bar the adjudicating authority from proceeding with approval of a distinct asset-sale transaction under the resolution framework, as a stay only renders the earlier order inoperative and does not extinguish it. The challenge to the sale approval therefore failed, and no ancillary relief remained available. Case-Laws Insolvency and Bankruptcy Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434686