https://www.taxtmi.com/caselaws?id=471333 Resolution-plan approval is confined to verifying compliance with the Insolvency and Bankruptcy Code and applicable regulations, without reassessing the Committee of Creditors' commercial wisdom on viability or value maximisation. Operational creditor claims must be settled by the corporate debtor through the special purpose vehicle or resolution applicant and cannot be assigned to either at nil consideration. Admitted provident fund dues require full payment because they are excluded from the liquidation waterfall; disputed provident fund claims must remain in a separate no-lien account pending adjudication. Pending preferential, undervalued, fraudulent and extortionate transaction proceedings survive plan approval and may continue through the Committee of Creditors. en-us Fri, 03 Feb 2023 00:00:00 +0530 Mon, 31 Aug 2026 11:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471333 Resolution-plan approval is confined to verifying compliance with the Insolvency and Bankruptcy Code and applicable regulations, without reassessing the Committee of Creditors' commercial wisdom on viability or value maximisation. Operational creditor claims must be settled by the corporate debtor through the special purpose vehicle or resolution applicant and cannot be assigned to either at nil consideration. Admitted provident fund dues require full payment because they are excluded from the liquidation waterfall; disputed provident fund claims must remain in a separate no-lien account pending adjudication. Pending preferential, undervalued, fraudulent and extortionate transaction proceedings survive plan approval and may continue through the Committee of Creditors. Case-Laws IBC Fri, 03 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471333