https://www.taxtmi.com/caselaws?id=771913 An approved resolution plan remains binding, and a direction to implement it within a fixed time is treated as enforcement of the existing obligation rather than an impermissible modification of the plan. The successful resolution applicant's delay in performance did not justify resisting implementation where the plan had already been approved and the additional time only accommodated overdue compliance. Pending regulatory approvals did not excuse non-implementation, because the resolution framework required the applicant to obtain all necessary approvals within the statutory period under the Insolvency and Bankruptcy Code, 2016. The challenge was rejected, and the order directing implementation of the resolution plan was upheld. en-us Fri, 30 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 08:34:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771913 An approved resolution plan remains binding, and a direction to implement it within a fixed time is treated as enforcement of the existing obligation rather than an impermissible modification of the plan. The successful resolution applicant's delay in performance did not justify resisting implementation where the plan had already been approved and the additional time only accommodated overdue compliance. Pending regulatory approvals did not excuse non-implementation, because the resolution framework required the applicant to obtain all necessary approvals within the statutory period under the Insolvency and Bankruptcy Code, 2016. The challenge was rejected, and the order directing implementation of the resolution plan was upheld. Case-Laws IBC Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771913