https://www.taxtmi.com/caselaws?id=795246 A suspended director who is also a personal guarantor has standing to challenge CIRP orders because of direct exposure to the corporate debtor's financial debt. However, objections to the CIRP must be raised promptly; a challenge brought after CoC approval and reservation of orders cannot reopen the process. A procedural lapse concerning CoC minutes, without proven material irregularity or cogent evidence of misconduct, does not justify interference. Valuations by registered valuers accepted by the CoC cannot be revisited merely on assertions of higher value, and informal investor commitments do not substitute for a compliant resolution plan. Appellate review remains limited to statutory non-compliance, contravention of law or material irregularity. en-us Tue, 14 Jul 2026 00:00:00 +0530 Mon, 20 Jul 2026 09:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795246 A suspended director who is also a personal guarantor has standing to challenge CIRP orders because of direct exposure to the corporate debtor's financial debt. However, objections to the CIRP must be raised promptly; a challenge brought after CoC approval and reservation of orders cannot reopen the process. A procedural lapse concerning CoC minutes, without proven material irregularity or cogent evidence of misconduct, does not justify interference. Valuations by registered valuers accepted by the CoC cannot be revisited merely on assertions of higher value, and informal investor commitments do not substitute for a compliant resolution plan. Appellate review remains limited to statutory non-compliance, contravention of law or material irregularity. Case-Laws IBC Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795246