The appeal was filed against an order dated August 23, 2022, where the Adjudicating Authority rejected I.A. No. 680 of 2021, an application by the Resolution Professional for approval of a Resolution Plan. The rejection was based on violations of Section 30(2)(e) and (f) of the I&B Code, specifically concerning the non-allocation of any amount to certain operational creditors, which was deemed discriminatory. The appellant argued that the operational creditors who received no allocation were not aggrieved and had not filed any appeal or objection. It was also contended that payments made to Gujarat Industrial Development Corporation (GIDC) and Surat Municipal Corporation were for keeping the corporate debtor a going concern, and thus, not a violation of law.

The appeal was filed against an order dated August 23, 2022, where the Adjudicating Authority rejected I.A. No. 680 of 2021, an application by the Resolution Professional for approval of a Resolution Plan. The rejection was based on violations of Section 30(2)(e) and (f) of the I&B Code, specifically concerning the non-allocation of any amount to certain operational creditors, which was deemed discriminatory. The appellant argued that the operational creditors who received no allocation were not aggrieved and had not filed any appeal or objection. It was also contended that payments made to Gujarat Industrial Development Corporation (GIDC) and Surat Municipal Corporation were for keeping the corporate debtor a going concern, and thus, not a violation of law.