https://www.taxtmi.com/caselaws?id=799262 Resolution-applicant eligibility under the insolvency framework is not defeated merely by pending proceedings or attachment under the Prevention of Money Laundering Act; the statutory bar turns on the specified conviction. Disclosure requirements must be read consistently with statutory ineligibility, and an informed Committee of Creditors that considers the proceedings, eligibility and plan feasibility may approve the plan without material irregularity. Review of that approval is limited to statutory non-compliance and does not permit substitution of commercial judgment on viability, valuation or funding. A disputed secured-creditor claim may be protected through a plan mechanism adjusting distributions if secured status is subsequently recognised. en-us Thu, 17 Sep 2026 00:00:00 +0530 Sat, 19 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799262 Resolution-applicant eligibility under the insolvency framework is not defeated merely by pending proceedings or attachment under the Prevention of Money Laundering Act; the statutory bar turns on the specified conviction. Disclosure requirements must be read consistently with statutory ineligibility, and an informed Committee of Creditors that considers the proceedings, eligibility and plan feasibility may approve the plan without material irregularity. Review of that approval is limited to statutory non-compliance and does not permit substitution of commercial judgment on viability, valuation or funding. A disputed secured-creditor claim may be protected through a plan mechanism adjusting distributions if secured status is subsequently recognised. Case-Laws IBC Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799262