https://www.taxtmi.com/caselaws?id=770948 NCLAT dismissed appeal challenging resolution plan approval. Corporate debtor's assets valued at Rs.70.76 crore fell under exemption threshold, making Competition Act approval unnecessary. Assignment of unsustainable debt to non-ARC entity under resolution plan deemed valid as settlement measure under SARFAESI Act. International Finance Corporation debt assignment permitted with subsequent RBI approval within one year per IBC Section 31(4). Noida Project Land provisions complied with IBC regulations despite terminated lease status. CoC's 73.38% approval constituted valid commercial wisdom. Resolution plan binding on all creditors including dissenting financial creditor. en-us Thu, 15 May 2025 00:00:00 +0530 Sat, 17 May 2025 08:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770948 NCLAT dismissed appeal challenging resolution plan approval. Corporate debtor's assets valued at Rs.70.76 crore fell under exemption threshold, making Competition Act approval unnecessary. Assignment of unsustainable debt to non-ARC entity under resolution plan deemed valid as settlement measure under SARFAESI Act. International Finance Corporation debt assignment permitted with subsequent RBI approval within one year per IBC Section 31(4). Noida Project Land provisions complied with IBC regulations despite terminated lease status. CoC's 73.38% approval constituted valid commercial wisdom. Resolution plan binding on all creditors including dissenting financial creditor. Case-Laws IBC Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770948