https://www.taxtmi.com/caselaws?id=471782 Resolution-plan approval is confined to verification of statutory compliance, including insolvency-resolution costs, operational-creditor dues, plan implementation, feasibility, viability and applicant eligibility; the Committee of Creditors' commercial decisions on distribution and viability are not subject to judicial substitution. Once approved, the plan binds stakeholders, extinguishes claims omitted from it, takes immediate effect, proceeds through the monitoring mechanism, and ends the CIRP moratorium. Reliefs, concessions and waivers extend only to protections available under the Code. Approvals or waivers required under other laws, including statutory dues beyond the Code's protection, must be obtained from the competent authorities. en-us Thu, 30 May 2024 00:00:00 +0530 Thu, 17 Sep 2026 17:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471782 Resolution-plan approval is confined to verification of statutory compliance, including insolvency-resolution costs, operational-creditor dues, plan implementation, feasibility, viability and applicant eligibility; the Committee of Creditors' commercial decisions on distribution and viability are not subject to judicial substitution. Once approved, the plan binds stakeholders, extinguishes claims omitted from it, takes immediate effect, proceeds through the monitoring mechanism, and ends the CIRP moratorium. Reliefs, concessions and waivers extend only to protections available under the Code. Approvals or waivers required under other laws, including statutory dues beyond the Code's protection, must be obtained from the competent authorities. Case-Laws IBC Thu, 30 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471782