https://www.taxtmi.com/caselaws?id=774777 A resolution plan approved by the Committee of Creditors after detailed deliberation was held to be protected by the CoC's commercial wisdom, with judicial scrutiny confined to statutory compliance and public interest. Objections based on alleged inconsistencies in plan value, creditor treatment, asset inclusion, pending claims, feasibility and viability were not treated as sufficient grounds to reject the plan, particularly where the record showed explanations in CoC meetings and no substantive statutory breach. The Resolution Professional was also not referred to the IBBI because the process reflected repeated meetings, clarifications and efforts to maximise value, without conclusive procedural impropriety. The rejection order was set aside and the matter remitted for reconsideration. en-us Wed, 09 Jul 2025 00:00:00 +0530 Mon, 14 Jul 2025 10:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774777 A resolution plan approved by the Committee of Creditors after detailed deliberation was held to be protected by the CoC's commercial wisdom, with judicial scrutiny confined to statutory compliance and public interest. Objections based on alleged inconsistencies in plan value, creditor treatment, asset inclusion, pending claims, feasibility and viability were not treated as sufficient grounds to reject the plan, particularly where the record showed explanations in CoC meetings and no substantive statutory breach. The Resolution Professional was also not referred to the IBBI because the process reflected repeated meetings, clarifications and efforts to maximise value, without conclusive procedural impropriety. The rejection order was set aside and the matter remitted for reconsideration. Case-Laws IBC Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774777