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Legal● Neutral for Indian Bank
Supreme Court reserves verdict on creditors’ power to withdraw approved resolution plans
The brief
- Indian Bank says creditors should reconsider approved plans when circumstances change
- The resolution applicant argues withdrawal is barred under the IBC
- The ruling could affect Indian Bank and lenders’ flexibility in insolvency resolutions
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| INDIANB | Wed, 30 Sept | +1.3% | +1.8% | 1.0× | +1.3% · Nifty −0.4% |