https://www.taxtmi.com/caselaws?id=466707 CoC commercial wisdom governs approval of a resolution plan where statutory requirements, feasibility and viability assessments, and implementation needs are satisfied. Non-supply of a plan to a suspended director before CoC approval does not retrospectively invalidate approval where no such obligation then applied. A proposed settlement requires the prescribed CoC voting approval during CIRP. Conditions precedent for consents necessary to change control or restructuring may validly support implementation. Differential payments to operational creditors, including full payment to essential lessors, may be permitted where justified by continuity of operations and fair-treatment requirements. Alleged promoter collusion or ineligibility must be established on the record to invalidate plan approval. en-us Wed, 11 Dec 2024 00:00:00 +0530 Tue, 17 Feb 2026 19:25:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466707 CoC commercial wisdom governs approval of a resolution plan where statutory requirements, feasibility and viability assessments, and implementation needs are satisfied. Non-supply of a plan to a suspended director before CoC approval does not retrospectively invalidate approval where no such obligation then applied. A proposed settlement requires the prescribed CoC voting approval during CIRP. Conditions precedent for consents necessary to change control or restructuring may validly support implementation. Differential payments to operational creditors, including full payment to essential lessors, may be permitted where justified by continuity of operations and fair-treatment requirements. Alleged promoter collusion or ineligibility must be established on the record to invalidate plan approval. Case-Laws IBC Wed, 11 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466707