https://www.taxtmi.com/caselaws?id=446019 The SC allowed the appeal, set aside the NCLT order of 01.09.2021 and the NCLAT judgment of 19.01.2022, and approved the Resolution Plan for the corporate debtor. The Court held the Adjudicating Authority erred in directing a revaluation by the Official Liquidator and improperly overrode the CoC's commercial decision (approved by 88.56%). Interference was unwarranted because the Plan sought revival, met statutory requirements under Section 31, and remand would frustrate the time-bound CIRP. The CoC's assessment of financial components and monetization proceeds was respected. en-us Tue, 21 Nov 2023 00:00:00 +0530 Mon, 08 Sep 2025 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446019 The SC allowed the appeal, set aside the NCLT order of 01.09.2021 and the NCLAT judgment of 19.01.2022, and approved the Resolution Plan for the corporate debtor. The Court held the Adjudicating Authority erred in directing a revaluation by the Official Liquidator and improperly overrode the CoC's commercial decision (approved by 88.56%). Interference was unwarranted because the Plan sought revival, met statutory requirements under Section 31, and remand would frustrate the time-bound CIRP. The CoC's assessment of financial components and monetization proceeds was respected. Case-Laws IBC Tue, 21 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446019