https://www.taxtmi.com/caselaws?id=760867 NCLAT dismissed appeal challenging resolution plan approval involving wrongful allocation of Rs. 79 lakhs as liquidation value. Following SC precedent in Amit Metaliks Limited, tribunal held that Committee of Creditors' commercial wisdom in approving resolution plans should not be interfered with unless creditors of similar class are denied fair treatment. Court rejected appellant's claim for liquidation value payment as dissenting financial creditor, upholding tribunal's decision based on established jurisprudence regarding Section 30(4)(2) and Section 53 considerations. en-us Fri, 25 Oct 2024 00:00:00 +0530 Sat, 26 Oct 2024 11:14:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760867 NCLAT dismissed appeal challenging resolution plan approval involving wrongful allocation of Rs. 79 lakhs as liquidation value. Following SC precedent in Amit Metaliks Limited, tribunal held that Committee of Creditors' commercial wisdom in approving resolution plans should not be interfered with unless creditors of similar class are denied fair treatment. Court rejected appellant's claim for liquidation value payment as dissenting financial creditor, upholding tribunal's decision based on established jurisprudence regarding Section 30(4)(2) and Section 53 considerations. Case-Laws IBC Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760867