https://www.taxtmi.com/caselaws?id=787015 Whether the adjudicating authority exceeded jurisdiction by overturning Committee of Creditors' commercial decision, the tribunal applied statutory tests under Section 30(2), Section 31 and Regulation 38(3) of the CIRP Regulations and assessed feasibility, viability, implementation capability, specification of approvals and timelines, and addressing cause of default; factual findings on asset disposals, limited liquid cash, low realisation value, absence of a revival strategy, and concerns of collusion and opacity rendered the plan non compliant. The authority's rejection of the plan and direction for liquidation under Section 33(1)(b) was sustained and the appeals dismissed. en-us Mon, 23 Feb 2026 00:00:00 +0530 Wed, 25 Feb 2026 07:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787015 Whether the adjudicating authority exceeded jurisdiction by overturning Committee of Creditors' commercial decision, the tribunal applied statutory tests under Section 30(2), Section 31 and Regulation 38(3) of the CIRP Regulations and assessed feasibility, viability, implementation capability, specification of approvals and timelines, and addressing cause of default; factual findings on asset disposals, limited liquid cash, low realisation value, absence of a revival strategy, and concerns of collusion and opacity rendered the plan non compliant. The authority's rejection of the plan and direction for liquidation under Section 33(1)(b) was sustained and the appeals dismissed. Case-Laws IBC Mon, 23 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787015