https://www.taxtmi.com/caselaws?id=795315 Commercial wisdom of the committee of creditors was central to the challenge against approval of a successful resolution applicant's plan. Objections by a dissenting financial creditor and an unsuccessful resolution applicant alleged procedural and substantive irregularities undermining the corporate insolvency resolution process. The text states that NCLAT found no material procedural irregularity or statutory non-compliance in the approved plan. The Supreme Court dismissed the civil appeals and disposed of the related interlocutory applications, leaving the plan approval undisturbed. en-us Fri, 17 Jul 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795315 Commercial wisdom of the committee of creditors was central to the challenge against approval of a successful resolution applicant's plan. Objections by a dissenting financial creditor and an unsuccessful resolution applicant alleged procedural and substantive irregularities undermining the corporate insolvency resolution process. The text states that NCLAT found no material procedural irregularity or statutory non-compliance in the approved plan. The Supreme Court dismissed the civil appeals and disposed of the related interlocutory applications, leaving the plan approval undisturbed. Case-Laws IBC Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795315