https://www.taxtmi.com/caselaws?id=764253 The court upheld the Impugned Order dated 12.09.2024, dismissing the Appellant's One-Time Settlement (OTS) proposal, as it was not maintainable following the approval of a Resolution Plan on 07.12.2023. The court emphasized the finality of the approved Resolution Plan in insolvency proceedings, rejecting the Appellant's argument that the OTS proposal offered better recovery. The court found no substantial change in circumstances to justify reopening the approved Resolution Plan, affirming the procedural finality and dismissing the appeal as lacking merit. en-us Tue, 24 Dec 2024 00:00:00 +0530 Mon, 06 Jan 2025 09:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764253 The court upheld the Impugned Order dated 12.09.2024, dismissing the Appellant's One-Time Settlement (OTS) proposal, as it was not maintainable following the approval of a Resolution Plan on 07.12.2023. The court emphasized the finality of the approved Resolution Plan in insolvency proceedings, rejecting the Appellant's argument that the OTS proposal offered better recovery. The court found no substantial change in circumstances to justify reopening the approved Resolution Plan, affirming the procedural finality and dismissing the appeal as lacking merit. Case-Laws IBC Tue, 24 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764253