https://www.taxtmi.com/caselaws?id=784521 An operational creditor sought to assail approval of a resolution plan indirectly, alleging that operational creditors were paid less than liquidation value. The SC held that the creditor had prior knowledge of the plan and its terms, having attended earlier CoC meetings and received minutes of subsequent meetings by email well before NCLT approval, and its own attempt to submit a competing plan confirmed such awareness. As no timely, properly instituted appeal was filed against the plan's approval, the creditor could not maintain a collateral challenge through parallel proceedings. The SC declined to interfere with the NCLAT orders and dismissed the appeals. en-us Mon, 28 Jul 2025 00:00:00 +0530 Wed, 07 Jan 2026 08:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784521 An operational creditor sought to assail approval of a resolution plan indirectly, alleging that operational creditors were paid less than liquidation value. The SC held that the creditor had prior knowledge of the plan and its terms, having attended earlier CoC meetings and received minutes of subsequent meetings by email well before NCLT approval, and its own attempt to submit a competing plan confirmed such awareness. As no timely, properly instituted appeal was filed against the plan's approval, the creditor could not maintain a collateral challenge through parallel proceedings. The SC declined to interfere with the NCLAT orders and dismissed the appeals. Case-Laws IBC Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784521