https://www.taxtmi.com/caselaws?id=775200 Where a resolution plan is not found non-compliant under Section 30(2) of the Insolvency and Bankruptcy Code, 2016, corrective directions may still be issued to cure valuation and CIRP irregularities. However, the CIRP cannot be left open-ended by permitting the committee of creditors to decide whether the process should restart from the information memorandum stage or any undefined stage, as this would conflict with the Code's timeline and liquidation framework under Section 33. After fresh valuation and related corrective steps, the successful resolution applicant remained eligible to participate in the fresh resolution process. en-us Thu, 17 Jul 2025 00:00:00 +0530 Mon, 21 Jul 2025 10:28:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775200 Where a resolution plan is not found non-compliant under Section 30(2) of the Insolvency and Bankruptcy Code, 2016, corrective directions may still be issued to cure valuation and CIRP irregularities. However, the CIRP cannot be left open-ended by permitting the committee of creditors to decide whether the process should restart from the information memorandum stage or any undefined stage, as this would conflict with the Code's timeline and liquidation framework under Section 33. After fresh valuation and related corrective steps, the successful resolution applicant remained eligible to participate in the fresh resolution process. Case-Laws IBC Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775200