https://www.taxtmi.com/article/detailed?id=14757 Approval of a resolution plan rests on the Committee of Creditors' commercial wisdom; once the Committee approves a plan the Adjudicating Authority's review is limited to whether the plan, as approved, satisfies statutory compliance requirements such as payment of insolvency costs, minimum treatment of operational and dissenting financial creditors relative to liquidation priority, conformity with law, and any regulator-prescribed conditions, and it cannot re-evaluate the Committee's commercial assessment of feasibility or viability. en-us Sat, 05 Jul 2025 08:52:42 +0530 Sat, 05 Jul 2025 08:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14757 Approval of a resolution plan rests on the Committee of Creditors' commercial wisdom; once the Committee approves a plan the Adjudicating Authority's review is limited to whether the plan, as approved, satisfies statutory compliance requirements such as payment of insolvency costs, minimum treatment of operational and dissenting financial creditors relative to liquidation priority, conformity with law, and any regulator-prescribed conditions, and it cannot re-evaluate the Committee's commercial assessment of feasibility or viability. Articles Corporate Laws / IBC / SEBI Sat, 05 Jul 2025 08:52:42 +0530 https://www.taxtmi.com/article/detailed?id=14757