https://www.taxtmi.com/caselaws?id=463598 The SC dismissed the appeal, upholding approval of a resolution plan whose value was below liquidation value. The Court held the suspended director lacked locus to challenge the approval once control passed to the IRP and CoC. It found no legal bar to the CoC approving a plan below liquidation value, viewing it as within the CoC's commercial wisdom, and declined to interfere with the NCLAT judgment. en-us Fri, 05 Apr 2024 00:00:00 +0530 Mon, 08 Sep 2025 18:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463598 The SC dismissed the appeal, upholding approval of a resolution plan whose value was below liquidation value. The Court held the suspended director lacked locus to challenge the approval once control passed to the IRP and CoC. It found no legal bar to the CoC approving a plan below liquidation value, viewing it as within the CoC's commercial wisdom, and declined to interfere with the NCLAT judgment. Case-Laws IBC Fri, 05 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463598