https://www.taxtmi.com/caselaws?id=790371 A resolution plan approved by the Committee of Creditors becomes binding on the Committee of Creditors and the successful resolution applicant once it is submitted for adjudicatory approval. After that stage, the insolvency framework does not permit the Committee of Creditors or the Resolution Professional to withdraw or alter the pending approval application so as to defeat the approved plan. Regulation 18(2) of the CIRP Regulations, 2016 confines committee meetings to matters that do not affect the submitted plan, and later concerns over feasibility or better recovery do not create jurisdiction to reverse the approval process. The approved plan therefore had to be considered on merits. en-us Mon, 20 Apr 2026 00:00:00 +0530 Fri, 24 Apr 2026 08:52:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790371 A resolution plan approved by the Committee of Creditors becomes binding on the Committee of Creditors and the successful resolution applicant once it is submitted for adjudicatory approval. After that stage, the insolvency framework does not permit the Committee of Creditors or the Resolution Professional to withdraw or alter the pending approval application so as to defeat the approved plan. Regulation 18(2) of the CIRP Regulations, 2016 confines committee meetings to matters that do not affect the submitted plan, and later concerns over feasibility or better recovery do not create jurisdiction to reverse the approval process. The approved plan therefore had to be considered on merits. Case-Laws IBC Mon, 20 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790371