https://www.taxtmi.com/caselaws?id=787287 The Supreme Court held that clarifications by the resolution applicant merely explained mechanics of margin money replacement and valuation options for deferred payment and did not effect any enhancement or material modification of the approved Resolution Plan; outcome: clarifications are not a modification. The Court further held that post-approval and implementation, judicial review is confined to statutory grounds and absent demonstrable arbitrariness, illegality or material irregularity by the resolution professional or CoC, interference is impermissible; outcome: appeals dismissed and concurrent NCLT/NCLAT findings upheld. en-us Fri, 27 Feb 2026 00:00:00 +0530 Mon, 02 Mar 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787287 The Supreme Court held that clarifications by the resolution applicant merely explained mechanics of margin money replacement and valuation options for deferred payment and did not effect any enhancement or material modification of the approved Resolution Plan; outcome: clarifications are not a modification. The Court further held that post-approval and implementation, judicial review is confined to statutory grounds and absent demonstrable arbitrariness, illegality or material irregularity by the resolution professional or CoC, interference is impermissible; outcome: appeals dismissed and concurrent NCLT/NCLAT findings upheld. Case-Laws IBC Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787287