https://www.taxtmi.com/caselaws?id=788000 Induction of a strategic investor into a resolution applicant's consortium does not breach the CIRP Regulations or invalidate a resolution plan where the investor's identity is disclosed, eligibility under Section 29A is verified, and the revised plan and consortium composition are considered and approved by the CoC. Regulation 39's requirement for vetted participants is satisfied through recorded due diligence and CoC deliberation. Non-furnishing allegations do not establish material irregularity where erstwhile directors attended plan presentations and revised plans were circulated before voting. Challenge-process modifications outside prescribed rules, acquiescence through bid-bond refund, and the CoC's assessment of feasibility, viability and implementability do not justify replacing the CoC's commercial judgment absent a specific Section 30(2) contravention or proven irregularity. en-us Thu, 25 Sep 2025 00:00:00 +0530 Fri, 13 Mar 2026 18:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788000 Induction of a strategic investor into a resolution applicant's consortium does not breach the CIRP Regulations or invalidate a resolution plan where the investor's identity is disclosed, eligibility under Section 29A is verified, and the revised plan and consortium composition are considered and approved by the CoC. Regulation 39's requirement for vetted participants is satisfied through recorded due diligence and CoC deliberation. Non-furnishing allegations do not establish material irregularity where erstwhile directors attended plan presentations and revised plans were circulated before voting. Challenge-process modifications outside prescribed rules, acquiescence through bid-bond refund, and the CoC's assessment of feasibility, viability and implementability do not justify replacing the CoC's commercial judgment absent a specific Section 30(2) contravention or proven irregularity. Case-Laws IBC Thu, 25 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788000