Bank of India & Ors v. SM Kamal Pasha & Ors
2026 INSC 115426 October 202615 min read
Supreme Court Bars Committee of Creditors from Withdrawing Approved Resolution Plan Pending NCLT Confirmation
The Supreme Court held that the Committee of Creditors cannot withdraw an approved Resolution Plan once it is submitted to the NCLT for confirmation, regardless of improved financials.
Case Snapshot
- Case Name
- Bank of India & Ors. v. S.M. Kamal Pasha & Ors.
- Citation
- 2026 INSC 1154
- Bench
- Justice J.B. Pardiwala and Justice K. Vinod Chandran
- Date of Judgment
- October 26, 2026
- Area of Law
- Insolvency and Bankruptcy Code, 2016 – Section 12A, 30, 31 – Resolution Plan – Committee of Creditors
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