https://www.taxtmi.com/caselaws?id=448003 A related party of the corporate debtor cannot insist on parity with unrelated creditors in a resolution plan, and alleged discriminatory treatment is not enough to invalidate a plan that otherwise complies with the Insolvency Code and Regulations. Differential distribution among creditor classes remains within the commercial wisdom of the Committee of Creditors. Objections to the plan's treatment of workers and employees also failed where no affected worker or employee challenged the plan and the record showed provision for their dues. The second appellant's claim-related grievance did not survive after its separate challenge to claim rejection had already failed. en-us Fri, 05 Jan 2024 00:00:00 +0530 Tue, 09 Jan 2024 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448003 A related party of the corporate debtor cannot insist on parity with unrelated creditors in a resolution plan, and alleged discriminatory treatment is not enough to invalidate a plan that otherwise complies with the Insolvency Code and Regulations. Differential distribution among creditor classes remains within the commercial wisdom of the Committee of Creditors. Objections to the plan's treatment of workers and employees also failed where no affected worker or employee challenged the plan and the record showed provision for their dues. The second appellant's claim-related grievance did not survive after its separate challenge to claim rejection had already failed. Case-Laws Insolvency and Bankruptcy Fri, 05 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448003