https://www.taxtmi.com/caselaws?id=785333 Related-party eligibility in a resolution process was examined in light of a non-binding term sheet that never matured into a concluded contract and where no shares were allotted at closing; consequently the factual elements required for the statutory related-party test were absent, yet the prospective resolution applicant was treated as a related party. An earlier adjudicative determination rejecting ineligibility was held final and preclusive of repeated challenges, and the adjudicative authoritys approval of the resolution plan as viable and feasible was sustained, resulting in dismissal of the appeal against the plan approval. en-us Mon, 19 Jan 2026 00:00:00 +0530 Wed, 21 Jan 2026 15:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785333 Related-party eligibility in a resolution process was examined in light of a non-binding term sheet that never matured into a concluded contract and where no shares were allotted at closing; consequently the factual elements required for the statutory related-party test were absent, yet the prospective resolution applicant was treated as a related party. An earlier adjudicative determination rejecting ineligibility was held final and preclusive of repeated challenges, and the adjudicative authoritys approval of the resolution plan as viable and feasible was sustained, resulting in dismissal of the appeal against the plan approval. Case-Laws IBC Mon, 19 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785333