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IBC | CoC Cannot Withdraw Approved Resolution Plan Citing Improved Financial Position Of Corporate Debtor : Supreme Court

A resolution plan, once submitted before the Adjudicating Authority, cannot be withdrawn, the Court ruled.

LiveLawOctober 26, 20261 min read
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IBC | CoC Cannot Withdraw Approved Resolution Plan Citing Improved Financial Position Of Corporate Debtor : Supreme Court

A resolution plan, once submitted before the Adjudicating Authority, cannot be withdrawn, the Court ruled.

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