https://www.taxtmi.com/caselaws?id=751140 Approval of a resolution plan can be interfered with only on the narrow statutory grounds recognised under the Insolvency and Bankruptcy Code, and not by substituting appellate views for the commercial wisdom of the Committee of Creditors. A direction preserving access to shared utilities and installations outside the leasehold area was treated as facilitative of implementation of the hotel resolution plan, not as a final determination of title or possession, and was upheld. No statutory violation in the plan approval process was established, so the approval was sustained. The parties' substantive rights over the shared utilities were left open to be worked out independently before the appropriate forum. en-us Thu, 04 Apr 2024 00:00:00 +0530 Mon, 08 Apr 2024 17:11:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751140 Approval of a resolution plan can be interfered with only on the narrow statutory grounds recognised under the Insolvency and Bankruptcy Code, and not by substituting appellate views for the commercial wisdom of the Committee of Creditors. A direction preserving access to shared utilities and installations outside the leasehold area was treated as facilitative of implementation of the hotel resolution plan, not as a final determination of title or possession, and was upheld. No statutory violation in the plan approval process was established, so the approval was sustained. The parties' substantive rights over the shared utilities were left open to be worked out independently before the appropriate forum. Case-Laws Insolvency and Bankruptcy Thu, 04 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751140