https://www.taxtmi.com/caselaws?id=776708 NCLAT upheld approval of the resolution plan under Section 30(2) IBC, finding the plan adequately addressed treatment of financial and operational creditors per Regulation 38 of CIRP Regulations. The Tribunal held the adjudicating authority and NCLAT lack jurisdiction to upset the commercial wisdom of the CoC absent breach of statutory provisions; no breach of Section 30(2) or CIRP Regulations was shown. Given the liquidation value would yield nothing to operational creditors, the plan's payouts were permissible. Appeal dismissed. en-us Tue, 12 Aug 2025 00:00:00 +0530 Mon, 18 Aug 2025 08:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776708 NCLAT upheld approval of the resolution plan under Section 30(2) IBC, finding the plan adequately addressed treatment of financial and operational creditors per Regulation 38 of CIRP Regulations. The Tribunal held the adjudicating authority and NCLAT lack jurisdiction to upset the commercial wisdom of the CoC absent breach of statutory provisions; no breach of Section 30(2) or CIRP Regulations was shown. Given the liquidation value would yield nothing to operational creditors, the plan's payouts were permissible. Appeal dismissed. Case-Laws IBC Tue, 12 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776708