https://www.taxtmi.com/caselaws?id=766683 NCLAT Principal Bench dismissed appeal challenging resolution plan approval. CoC approved plan with 86.67% vote shares within 330-day CIRP period on 31.01.2023, though Adjudicating Authority approved it later on 14.05.2024. Court held Section 30(2)(b) compliance satisfied as dissenting financial creditors (13.44% vote share) received Rs.1.5 crore payout against Rs.10.94 crore admitted claims. Appellant's challenge regarding homebuyers receiving units without haircuts rejected. Court emphasized limited jurisdiction to interfere with resolution plan approval, finding no statutory non-compliance. Plan's timely CoC approval and application filing before 330-day expiry validated approval despite later formal order date. en-us Fri, 28 Feb 2025 00:00:00 +0530 Mon, 03 Mar 2025 08:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766683 NCLAT Principal Bench dismissed appeal challenging resolution plan approval. CoC approved plan with 86.67% vote shares within 330-day CIRP period on 31.01.2023, though Adjudicating Authority approved it later on 14.05.2024. Court held Section 30(2)(b) compliance satisfied as dissenting financial creditors (13.44% vote share) received Rs.1.5 crore payout against Rs.10.94 crore admitted claims. Appellant's challenge regarding homebuyers receiving units without haircuts rejected. Court emphasized limited jurisdiction to interfere with resolution plan approval, finding no statutory non-compliance. Plan's timely CoC approval and application filing before 330-day expiry validated approval despite later formal order date. Case-Laws IBC Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766683