on October 27, 2026 at 8:47 pm SC bars creditors from withdrawing insolvency plan over improved finances​

Under the Insolvency and Bankruptcy Code (IBC), neither the CoC nor the resolution applicant can withdraw the approved resolution merely by stating that certain developments have made the transaction less attractive, rules the SC.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top