Reporting from multiple outlets on May 29 described the following: The Supreme Court ruled that once the Committee of Creditors approves a resolution plan under the Insolvency and Bankruptcy Code the successful applicant cannot negotiate further.
Under the Insolvency and Bankruptcy Code, the Committee of Creditors votes on resolution plans submitted by successful applicants after corporate insolvency proceedings.
Records show plan under the Insolvency and Bankruptcy Code the successful applicant cannot negotiate further.
Institutions and individuals identified in source material include The Supreme Court, Committee, Creditors, Insolvency. The development was logged among domestic governance and policy items in May 29 round-ups. No additional independently verified facts beyond the summary and cited sources were available at publication time.
Indian apex and high courts continue hearing matters listed on May 29 cause lists.
Parliamentary and administrative follow-up is expected as ministries respond to questions from opposition parties.
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Sources:
https://www.livelaw.in/top-stories/supreme-court-daily-round-up-may-29-2026-536212