https://www.taxtmi.com/caselaws?id=439940 A resolution plan cannot be disturbed merely because operational creditors receive a lower recovery percentage than financial creditors, since the two classes are treated differently under the insolvency framework and equitable treatment applies only within the same class. The minimum protection for operational creditors is payment of at least liquidation value, and once the statutory requirements are met, distribution falls within the Committee of Creditors' commercial wisdom. An electricity dues regulation creating a charge for unpaid dues cannot override the distribution mechanism under the Insolvency and Bankruptcy Code or confer special priority in resolution proceedings. The approval of the resolution plans was upheld. en-us Tue, 04 Jul 2023 00:00:00 +0530 Thu, 06 Jul 2023 07:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439940 A resolution plan cannot be disturbed merely because operational creditors receive a lower recovery percentage than financial creditors, since the two classes are treated differently under the insolvency framework and equitable treatment applies only within the same class. The minimum protection for operational creditors is payment of at least liquidation value, and once the statutory requirements are met, distribution falls within the Committee of Creditors' commercial wisdom. An electricity dues regulation creating a charge for unpaid dues cannot override the distribution mechanism under the Insolvency and Bankruptcy Code or confer special priority in resolution proceedings. The approval of the resolution plans was upheld. Case-Laws Insolvency and Bankruptcy Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439940