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    <title>SC upholds Resolution Plan approval under IBC, dismisses appeal on exclusion of commercial spaces and dissent claims</title>
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    <description>The SC dismissed the appeal challenging the exclusion of commercial spaces from the Corporate Debtor&#039;s assets and the approval of the Resolution Plan under the IBC. The Court found no sufficient grounds to interfere with the Adjudicating Authority&#039;s order despite dissenting Financial Creditors&#039; claims under Section 30(2)(b). The NCLAT&#039;s observation allowing the appellant to file a separate application for rent claims arising post-CIRP commencement, potentially recoverable as CIRP costs, was noted but did not affect the final decision. Consequently, the impugned judgment approving the Resolution Plan was upheld in its entirety.</description>
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    <pubDate>Mon, 14 Jul 2025 08:36:31 +0530</pubDate>
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      <title>SC upholds Resolution Plan approval under IBC, dismisses appeal on exclusion of commercial spaces and dissent claims</title>
      <link>https://www.taxtmi.com/highlights?id=90465</link>
      <description>The SC dismissed the appeal challenging the exclusion of commercial spaces from the Corporate Debtor&#039;s assets and the approval of the Resolution Plan under the IBC. The Court found no sufficient grounds to interfere with the Adjudicating Authority&#039;s order despite dissenting Financial Creditors&#039; claims under Section 30(2)(b). The NCLAT&#039;s observation allowing the appellant to file a separate application for rent claims arising post-CIRP commencement, potentially recoverable as CIRP costs, was noted but did not affect the final decision. Consequently, the impugned judgment approving the Resolution Plan was upheld in its entirety.</description>
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      <pubDate>Mon, 14 Jul 2025 08:36:31 +0530</pubDate>
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