https://www.taxtmi.com/caselaws?id=470917 Resolution-plan distributions among secured financial creditors, including dissenting creditors, must be made pro rata according to admitted claims rather than the value of each creditor's security interest. Section 53(1) of the Insolvency and Bankruptcy Code requires equal treatment of secured creditors that relinquish their security interests, with distribution proportionate to admitted claims. Existing Supreme Court precedent continues to govern unless displaced by a later ruling, despite a pending reference concerning that precedent. The pro rata distribution therefore conforms to the statutory distribution framework. en-us Tue, 16 Sep 2025 00:00:00 +0530 Fri, 14 Aug 2026 07:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470917 Resolution-plan distributions among secured financial creditors, including dissenting creditors, must be made pro rata according to admitted claims rather than the value of each creditor's security interest. Section 53(1) of the Insolvency and Bankruptcy Code requires equal treatment of secured creditors that relinquish their security interests, with distribution proportionate to admitted claims. Existing Supreme Court precedent continues to govern unless displaced by a later ruling, despite a pending reference concerning that precedent. The pro rata distribution therefore conforms to the statutory distribution framework. Case-Laws IBC Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470917