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Resolution plan approved by CoC by 89.92% voting and in consonance with law was to be approved

June 3, 2019[2019] 106 taxmann.com 327 (NCLT - New Delhi)
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IBC : Adjudicating Authority is not expected to substitute its view with commercial wisdom of CoC nor should it deal with technical complexity and merits of resolution plan unless it is found contrary to provision of law; where resolution plan submitted by resolution applicants was approved by CoC with 89.92 per cent voting and same did not contravene any law, application filed by RP seeking approval of said resolution plan was to be admitted

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