The Supreme Court of India ruled that once the Committee of Creditors approves an insolvency resolution plan the successful applicant cannot seek further negotiations protecting IBC finality.
Tag: Once
IBC Rule Affirmed: Once CoC Approves Resolution Plan Applicant Cannot Renegotiate
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.