https://www.taxtmi.com/caselaws?id=466142 Adjudicating Authority review of an approved resolution plan is confined to the requirements under Sections 30(2) and 31 of the IBC and does not extend to unilateral alteration of commercially approved terms. Restricting use of funds held in the corporate debtor's current account for creditor payments was treated as an impermissible interference with the Committee of Creditors' commercial allocation where the plan had already been found compliant and no statutory deficiency required correction. The appropriate response to non-compliance is remittal to the Committee of Creditors, rather than modification by the Adjudicating Authority. The restrictive condition was set aside and the matter remitted for fresh orders within 30 days. en-us Thu, 16 Jan 2025 00:00:00 +0530 Tue, 27 Jan 2026 19:03:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466142 Adjudicating Authority review of an approved resolution plan is confined to the requirements under Sections 30(2) and 31 of the IBC and does not extend to unilateral alteration of commercially approved terms. Restricting use of funds held in the corporate debtor's current account for creditor payments was treated as an impermissible interference with the Committee of Creditors' commercial allocation where the plan had already been found compliant and no statutory deficiency required correction. The appropriate response to non-compliance is remittal to the Committee of Creditors, rather than modification by the Adjudicating Authority. The restrictive condition was set aside and the matter remitted for fresh orders within 30 days. Case-Laws IBC Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466142