https://www.taxtmi.com/caselaws?id=792475 A resolution plan should not be rejected on broad fairness objections where the information memorandum disclosed the material asset position, including any mismatch between title and possession, and resolution applicants had access to the data room; in such circumstances, no material irregularity is established. The successful resolution applicant was found not disqualified under section 29A, and the treatment of the Claro Energy proposal as non-compliant and non-responsive was upheld. Where the Committee of Creditors had approved the plan, judicial interference remains confined to statutory compliance under sections 30(2) and 31, and the adjudicating authority cannot substitute its own view for commercial wisdom absent contravention. en-us Wed, 27 May 2026 00:00:00 +0530 Fri, 29 May 2026 08:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792475 A resolution plan should not be rejected on broad fairness objections where the information memorandum disclosed the material asset position, including any mismatch between title and possession, and resolution applicants had access to the data room; in such circumstances, no material irregularity is established. The successful resolution applicant was found not disqualified under section 29A, and the treatment of the Claro Energy proposal as non-compliant and non-responsive was upheld. Where the Committee of Creditors had approved the plan, judicial interference remains confined to statutory compliance under sections 30(2) and 31, and the adjudicating authority cannot substitute its own view for commercial wisdom absent contravention. Case-Laws IBC Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792475