https://www.taxtmi.com/caselaws?id=467966 Amounts arising from a resolution plan's differential payment were treated as part of the insolvency value available for creditor benefit, not as the successful resolution applicant's personal gain. The plan required payment of a fixed amount to assenting financial creditors, while the dissenting creditor was entitled only to liquidation value, and the surplus represented the balance left after that lesser payment. The Adjudicating Authority's direction did not modify the approved plan; it only required the Committee of Creditors to consider the surplus in accordance with law. The direction was therefore proper, and no interference was warranted. en-us Thu, 22 Aug 2024 00:00:00 +0530 Fri, 10 Apr 2026 20:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467966 Amounts arising from a resolution plan's differential payment were treated as part of the insolvency value available for creditor benefit, not as the successful resolution applicant's personal gain. The plan required payment of a fixed amount to assenting financial creditors, while the dissenting creditor was entitled only to liquidation value, and the surplus represented the balance left after that lesser payment. The Adjudicating Authority's direction did not modify the approved plan; it only required the Committee of Creditors to consider the surplus in accordance with law. The direction was therefore proper, and no interference was warranted. Case-Laws IBC Thu, 22 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467966