https://www.taxtmi.com/caselaws?id=797739 IBC appellate review of an approved resolution plan is confined to statutory non-compliance, demonstrated prejudice, and material irregularity, without substituting the Committee of Creditors' commercial assessment. Suspended directors may challenge plan approval as aggrieved persons, but failure to supply plan materials does not invalidate approval absent prejudice, particularly where confidentiality requirements were unmet. A practising chartered accountant is not disqualified as a resolution applicant solely by professional status. CIRP can be withdrawn only through the prescribed Section 12A process; an uncompleted settlement does not halt it. Government claims not included in an approved plan are addressed by the clean-slate principle, and statutory dues lack automatic secured-creditor parity. en-us Fri, 21 Aug 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797739 IBC appellate review of an approved resolution plan is confined to statutory non-compliance, demonstrated prejudice, and material irregularity, without substituting the Committee of Creditors' commercial assessment. Suspended directors may challenge plan approval as aggrieved persons, but failure to supply plan materials does not invalidate approval absent prejudice, particularly where confidentiality requirements were unmet. A practising chartered accountant is not disqualified as a resolution applicant solely by professional status. CIRP can be withdrawn only through the prescribed Section 12A process; an uncompleted settlement does not halt it. Government claims not included in an approved plan are addressed by the clean-slate principle, and statutory dues lack automatic secured-creditor parity. Case-Laws IBC Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797739