Can NCLT Allow Withdrawal Of CoC-Approved Resolution Plan? Supreme Court Reserves Verdict
Case Title : BANK OF INDIA VS. S.M KAMAL PASHA
Case Number : DIARY NO. – 37619/2026
The Supreme Court on Wednesday reserved its judgment on whether the National Company Law Tribunal can permit withdrawal of an application seeking approval of a resolution plan after the Committee of Creditors has approved the plan and submitted it to the Adjudicating Authority A Bench of Justices J.B. Pardiwala and K. Vinod Chandran was hearing Indian Bank’s challenge against the National Company Law Appellate Tribunal’s April 20, 2026, order concerning TD Toll Road Pvt Ltd, which had set aside the NCLT’s decision allowing withdrawal of the resolution plan approval…