https://www.taxtmi.com/caselaws?id=787555 Challenge to approval of a resolution plan focused on whether employee claims were properly considered where the Liquidator partially admitted/rejected claims and were not challenged under Section 42; the article explains that verification under the liquidation regulations and Sections 38-39 attained finality when not contested, so CoC approval based on those admissions (with full voting and Form H and performance security compliance) is not reopenable on merits, and the plan's approval stands. It also states the plan provided for statutory employee dues with priority and enforceable remedies and that collateral challenge under Section 32/61 is barred by waiver and limited judicial review. en-us Fri, 21 Nov 2025 00:00:00 +0530 Mon, 09 Mar 2026 07:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787555 Challenge to approval of a resolution plan focused on whether employee claims were properly considered where the Liquidator partially admitted/rejected claims and were not challenged under Section 42; the article explains that verification under the liquidation regulations and Sections 38-39 attained finality when not contested, so CoC approval based on those admissions (with full voting and Form H and performance security compliance) is not reopenable on merits, and the plan's approval stands. It also states the plan provided for statutory employee dues with priority and enforceable remedies and that collateral challenge under Section 32/61 is barred by waiver and limited judicial review. Case-Laws IBC Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787555