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Supreme Court Strengthens IBC Resolution Plans

SUPREME COURT STRENGTHENS FINALITY OF INSOLVENCY RESOLUTION PLANS WHY IN THE NEWS ? Judicial Ruling: The Supreme Court ruled that lenders cannot withdraw an approved insolvency resolution plan merely because a company’s financial position improves. Insolvency Certainty: The decision upholds the finality of approved resolution plans under the Insolvency and Bankruptcy Code (IBC), 2016, strengthening …

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