https://www.taxtmi.com/caselaws?id=782090 NCLAT upheld rejection of the appellant's claim and affirmed approval of the resolution plan for the corporate debtor. It held that, although earlier proceedings before HC and SC had acknowledged expenses incurred by the appellant, the appellant failed to file its claim within the CIRP timelines and did not substantiate the claimed amount or the massive interest component with requisite documents under the IBC framework. NCLAT found no contravention of Section 30(2)(b) IBC or CIRP Regulations and reiterated that the commercial wisdom of the CoC, which approved the plan with 100% voting share, could not be interfered with. The appeal was disposed of, allowing the successful resolution applicant to proceed. en-us Thu, 18 Sep 2025 00:00:00 +0530 Tue, 25 Nov 2025 08:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782090 NCLAT upheld rejection of the appellant's claim and affirmed approval of the resolution plan for the corporate debtor. It held that, although earlier proceedings before HC and SC had acknowledged expenses incurred by the appellant, the appellant failed to file its claim within the CIRP timelines and did not substantiate the claimed amount or the massive interest component with requisite documents under the IBC framework. NCLAT found no contravention of Section 30(2)(b) IBC or CIRP Regulations and reiterated that the commercial wisdom of the CoC, which approved the plan with 100% voting share, could not be interfered with. The appeal was disposed of, allowing the successful resolution applicant to proceed. Case-Laws IBC Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782090