https://www.taxtmi.com/caselaws?id=786462 Section 30(5) bars a resolution applicant who is not a financial creditor from voting at the CoC; where a sole-member CoC that was an operational creditor voted to approve its own plan, that approval breached the proviso and is void ab initio for material irregularity. Separately, a single-member CoC that also acted as a competing resolution applicant failed to conduct a structured, comparative evaluation, ignored a judicial direction and withheld material information, producing procedural infirmity and denial of natural justice; that rejection of a competing plan and the approval process are set aside and the corporate debtor ordered to be liquidated. en-us Fri, 06 Feb 2026 00:00:00 +0530 Fri, 13 Feb 2026 09:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786462 Section 30(5) bars a resolution applicant who is not a financial creditor from voting at the CoC; where a sole-member CoC that was an operational creditor voted to approve its own plan, that approval breached the proviso and is void ab initio for material irregularity. Separately, a single-member CoC that also acted as a competing resolution applicant failed to conduct a structured, comparative evaluation, ignored a judicial direction and withheld material information, producing procedural infirmity and denial of natural justice; that rejection of a competing plan and the approval process are set aside and the corporate debtor ordered to be liquidated. Case-Laws IBC Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786462