https://www.taxtmi.com/caselaws?id=469903 Section 30(5) of the Insolvency and Bankruptcy Code is discussed in the context of conflict of interest where a resolution applicant, acting as an operational creditor, votes on its own plan. The text notes the NCLAT view in Pragiti Construction that a non-financial creditor resolution applicant cannot vote in the CoC, and that self-voting without a structured, transparent comparative evaluation and compliance with judicial directions may render approval void ab initio and amount to a material irregularity warranting judicial intervention. It further states that the Supreme Court declined to interfere and left it open to the appellant to seek expunging of remarks before the NCLAT. en-us Fri, 13 Mar 2026 00:00:00 +0530 Wed, 08 Jul 2026 20:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469903 Section 30(5) of the Insolvency and Bankruptcy Code is discussed in the context of conflict of interest where a resolution applicant, acting as an operational creditor, votes on its own plan. The text notes the NCLAT view in Pragiti Construction that a non-financial creditor resolution applicant cannot vote in the CoC, and that self-voting without a structured, transparent comparative evaluation and compliance with judicial directions may render approval void ab initio and amount to a material irregularity warranting judicial intervention. It further states that the Supreme Court declined to interfere and left it open to the appellant to seek expunging of remarks before the NCLAT. Case-Laws IBC Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469903