https://www.taxtmi.com/caselaws?id=797205 Committee of Creditors may reconsider and reject a resolution plan remitted for reconsideration where statutory and stakeholder claims must be addressed and the resolution applicant declines to revise the plan or accommodate additional claims. Unchallenged directions requiring such reconsideration attain finality. The Committee's commercial decision on plan acceptance, rejection or liquidation is non-justiciable before the Adjudicating Authority approves a resolution plan. The Insolvency and Bankruptcy Code permits the Committee to resolve for liquidation before that approval. Rejection of the proposed plan and non-interference with the Committee's decision were treated as valid. en-us Mon, 17 Aug 2026 00:00:00 +0530 Wed, 19 Aug 2026 08:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797205 Committee of Creditors may reconsider and reject a resolution plan remitted for reconsideration where statutory and stakeholder claims must be addressed and the resolution applicant declines to revise the plan or accommodate additional claims. Unchallenged directions requiring such reconsideration attain finality. The Committee's commercial decision on plan acceptance, rejection or liquidation is non-justiciable before the Adjudicating Authority approves a resolution plan. The Insolvency and Bankruptcy Code permits the Committee to resolve for liquidation before that approval. Rejection of the proposed plan and non-interference with the Committee's decision were treated as valid. Case-Laws IBC Mon, 17 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797205