https://www.taxtmi.com/caselaws?id=788698 A shareholder was treated as lacking locus standi to maintain an application or company appeal challenging concluded insolvency proceedings and an approved resolution plan, because the earlier CIRP, plan approval, and related challenges had already attained finality. A later attempt to reopen the concluded CIRP on allegations of fraud was held not maintainable where the same issues had been repeatedly raised and rejected, the plan had been implemented, and material facts were said to have been concealed. The continued invocation of the same grounds was characterised as an abuse of process, and the rejection of the later applications was sustained with costs. en-us Wed, 18 Mar 2026 00:00:00 +0530 Fri, 27 Mar 2026 08:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788698 A shareholder was treated as lacking locus standi to maintain an application or company appeal challenging concluded insolvency proceedings and an approved resolution plan, because the earlier CIRP, plan approval, and related challenges had already attained finality. A later attempt to reopen the concluded CIRP on allegations of fraud was held not maintainable where the same issues had been repeatedly raised and rejected, the plan had been implemented, and material facts were said to have been concealed. The continued invocation of the same grounds was characterised as an abuse of process, and the rejection of the later applications was sustained with costs. Case-Laws IBC Wed, 18 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788698