https://www.taxtmi.com/caselaws?id=785835 A creditor's claim for CIRP costs was rejected because those costs were never placed before or approved by the committee of creditors (CoC); approval of related party transactions under the insolvency process is distinct from CoC approval of CIRP costs and does not substitute for express cost approval, so extinguishment under a final resolution plan cannot be challenged where the CoC did not approve the cost. The adjudicating authority correctly dismissed the application seeking payment of the unapproved CIRP cost; the appellate tribunal examined merits and affirmed that absent CoC approval the claimed CIRP cost was not payable, and appeals were dismissed. en-us Wed, 28 Jan 2026 00:00:00 +0530 Mon, 02 Feb 2026 08:20:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785835 A creditor's claim for CIRP costs was rejected because those costs were never placed before or approved by the committee of creditors (CoC); approval of related party transactions under the insolvency process is distinct from CoC approval of CIRP costs and does not substitute for express cost approval, so extinguishment under a final resolution plan cannot be challenged where the CoC did not approve the cost. The adjudicating authority correctly dismissed the application seeking payment of the unapproved CIRP cost; the appellate tribunal examined merits and affirmed that absent CoC approval the claimed CIRP cost was not payable, and appeals were dismissed. Case-Laws IBC Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785835