https://www.taxtmi.com/caselaws?id=779055 In a corporate insolvency resolution process, repeated extensions to revise a resolution plan are not available as a matter of right once the process is nearing its statutory limit. The Tribunal noted that the Committee of Creditors' decision-making falls within commercial wisdom and will not ordinarily be disturbed absent proven unfairness, mala fides, denial of equal opportunity, or statutory violation. It also rejected the argument that a later higher offer alone justifies reopening the process, observing that belated bid improvement should not derail a time-bound resolution framework. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 27 Sep 2025 08:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779055 In a corporate insolvency resolution process, repeated extensions to revise a resolution plan are not available as a matter of right once the process is nearing its statutory limit. The Tribunal noted that the Committee of Creditors' decision-making falls within commercial wisdom and will not ordinarily be disturbed absent proven unfairness, mala fides, denial of equal opportunity, or statutory violation. It also rejected the argument that a later higher offer alone justifies reopening the process, observing that belated bid improvement should not derail a time-bound resolution framework. Case-Laws IBC Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779055