https://www.taxtmi.com/caselaws?id=792400 A resolution plan approved by the Committee of Creditors can be rejected by the Adjudicating Authority only for a demonstrated breach of Section 30(2) of the Insolvency and Bankruptcy Code; valuation disputes, commercial terms and inclusion of disclosed disputed assets fall within commercial wisdom and do not justify refusal. The article also notes that Rainbow Papers-related statutory dues objections may be addressed through implementation without altering the plan's commercial content, and that suspended management cannot reopen an approved plan through fresh settlement proposals once the process has moved forward. The approved plan was therefore held enforceable, with the rejection order set aside. en-us Mon, 25 May 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792400 A resolution plan approved by the Committee of Creditors can be rejected by the Adjudicating Authority only for a demonstrated breach of Section 30(2) of the Insolvency and Bankruptcy Code; valuation disputes, commercial terms and inclusion of disclosed disputed assets fall within commercial wisdom and do not justify refusal. The article also notes that Rainbow Papers-related statutory dues objections may be addressed through implementation without altering the plan's commercial content, and that suspended management cannot reopen an approved plan through fresh settlement proposals once the process has moved forward. The approved plan was therefore held enforceable, with the rejection order set aside. Case-Laws IBC Mon, 25 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792400