https://www.taxtmi.com/caselaws?id=780916 A challenge to a resolution plan was not entertained where the appellant had not participated in the challenge mechanism or submitted a final plan, and the CIRP and approval had already been upheld in connected proceedings. Section 29A objections also failed because the alleged share purchase arrangement never fructified, no shareholding was transferred, and no de facto or de jure control of the corporate debtor was shown. The alleged arrangement did not amount to a guarantee or co-obligation under Section 29A(h), and no disqualifying connected person under Section 29A(j) was established. The rejection of the appellant's application and approval of the resolution plan were upheld. en-us Tue, 04 Nov 2025 00:00:00 +0530 Sat, 08 Nov 2025 08:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780916 A challenge to a resolution plan was not entertained where the appellant had not participated in the challenge mechanism or submitted a final plan, and the CIRP and approval had already been upheld in connected proceedings. Section 29A objections also failed because the alleged share purchase arrangement never fructified, no shareholding was transferred, and no de facto or de jure control of the corporate debtor was shown. The alleged arrangement did not amount to a guarantee or co-obligation under Section 29A(h), and no disqualifying connected person under Section 29A(j) was established. The rejection of the appellant's application and approval of the resolution plan were upheld. Case-Laws IBC Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780916