SK Law House Legal Articles
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Articles tagged #InsolvencyLaw
CoC Cannot Withdraw Approved IBC Resolution Plan Before NCLT Confirmation Even If Company's Profitability Improves: Supreme Court (2026 INSC 1154)
In Bank of India & Ors. v. S.M. Kamal Pasha & Ors. (2026 INSC 1154), the Supreme Court held that once the Committee of Creditors approves a resolution plan and places it before the NCLT, neither the CIRP application nor the approved plan can be withdrawn merely because the debtor's finances improved.
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Fake AI Citations Can Sink a Judgment: Supreme Court Sets Aside NCLT and NCLAT Orders | 2026 INSC 668
The Supreme Court set aside NCLT and NCLAT orders after finding reliance on AI-generated fake citations and non-existent paragraphs, holding that a decision based on hallucinated precedent is no decision in law.
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Telecom Spectrum Not an Asset Under IBC: Legal Position Explained (2026)
Telecom spectrum is not treated as an asset under IBC. Learn the legal position, public trust doctrine, and its impact on telecom insolvency in India.
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