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    <title>Shareholder standing in resolution-plan appeals excludes challenges based solely on shareholding, and unsupported fraud claims cannot cure the defect.</title>
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    <description>Individual shareholders do not, merely by virtue of shareholding, qualify as aggrieved persons entitled to appeal approval of a corporate debtor&#039;s resolution plan. Allegations that post-approval modifications were fraudulent cannot expand standing unless supported by specific material. Homebuyers who have not independently challenged the resolution plan cannot contest it indirectly by supporting a shareholder&#039;s appeal. The shareholder&#039;s challenge to the approved resolution plan was therefore treated as not maintainable, and the related interlocutory applications were rejected.</description>
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    <pubDate>Wed, 07 Oct 2026 08:26:38 +0530</pubDate>
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      <title>Shareholder standing in resolution-plan appeals excludes challenges based solely on shareholding, and unsupported fraud claims cannot cure the defect.</title>
      <link>https://www.taxtmi.com/highlights?id=104628</link>
      <description>Individual shareholders do not, merely by virtue of shareholding, qualify as aggrieved persons entitled to appeal approval of a corporate debtor&#039;s resolution plan. Allegations that post-approval modifications were fraudulent cannot expand standing unless supported by specific material. Homebuyers who have not independently challenged the resolution plan cannot contest it indirectly by supporting a shareholder&#039;s appeal. The shareholder&#039;s challenge to the approved resolution plan was therefore treated as not maintainable, and the related interlocutory applications were rejected.</description>
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      <pubDate>Wed, 07 Oct 2026 08:26:38 +0530</pubDate>
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