https://www.taxtmi.com/caselaws?id=787454 Interprets the mandate that operational creditors must receive not less than the higher of their liquidation entitlement or the percentage payable to unsecured financial creditors, applying a comparative payout test to practical allocations. Where admitted liquidation entitlement of operational creditors is nil and the resolution plan awards employees a higher percentage than unsecured financial creditors, the statutory benchmark in Section 30(2)(b) is met; the recorded undertaking on employee payout is therefore satisfied and the plan approval stands, with no interference in the appeal. en-us Tue, 03 Mar 2026 00:00:00 +0530 Fri, 06 Mar 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787454 Interprets the mandate that operational creditors must receive not less than the higher of their liquidation entitlement or the percentage payable to unsecured financial creditors, applying a comparative payout test to practical allocations. Where admitted liquidation entitlement of operational creditors is nil and the resolution plan awards employees a higher percentage than unsecured financial creditors, the statutory benchmark in Section 30(2)(b) is met; the recorded undertaking on employee payout is therefore satisfied and the plan approval stands, with no interference in the appeal. Case-Laws IBC Tue, 03 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787454