The Supreme Court on Monday held that in corporate insolvency resolution proceedings, the Committee of Creditors (CoC) cannot withdraw an approved insolvency resolution plan merely by citing an improvement in the corporate debtor's financial position [Bank of India & Ors.
Kamal Pasha & Ors.
The Supreme Court on Monday held that in corporate insolvency resolution proceedings, the Committee of Creditors (CoC) cannot withdraw an approved insolvency resolution plan merely by citing an improvement in the corporate debtor's financial position [Bank of India & Ors. v. S.M. Kamal Pasha & Ors.].
