https://www.taxtmi.com/caselaws?id=772087 Suspended directors cease to have a cognisable personal stake after commencement of CIRP and therefore lack locus standi to challenge approval of a resolution plan unless they can show a genuine legal grievance. A resolution plan is not liable to be disturbed merely because creditors receive different treatment, as creditor-wise allocation falls within the Committee of Creditors' commercial wisdom where the statutory minimum under the insolvency framework is met. Objections based on employee dues, unsecured creditor allocation, and provident fund treatment are unsustainable unless non-compliance with the Code or related law is specifically shown; preservation of priority for provident fund dues subject to quantification is sufficient. en-us Wed, 14 May 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772087 Suspended directors cease to have a cognisable personal stake after commencement of CIRP and therefore lack locus standi to challenge approval of a resolution plan unless they can show a genuine legal grievance. A resolution plan is not liable to be disturbed merely because creditors receive different treatment, as creditor-wise allocation falls within the Committee of Creditors' commercial wisdom where the statutory minimum under the insolvency framework is met. Objections based on employee dues, unsecured creditor allocation, and provident fund treatment are unsustainable unless non-compliance with the Code or related law is specifically shown; preservation of priority for provident fund dues subject to quantification is sufficient. Case-Laws IBC Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772087