Supreme Court Reserves Verdict on CoC's Authority to Withdraw Approved Resolution Plan
The Supreme Court has reserved its judgment on whether the Committee of Creditors (CoC) can withdraw a resolution plan after approving it and submitting it to the National Company Law Tribunal (NCLT) for approval. The case involves Indian Bank's challenge to the National Company Law Appellate Tribunal's (NCLAT) April 2026 order, which overturned the NCLT's decision allowing withdrawal. Senior Advocate Gopal Sankaranarayanan argued that the CoC should reconsider its decision due to improved financial conditions of the corporate debtor since the plan's initial approval during the COVID-19 period.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 54/100.
Outlets measured: businessstandard, moneycontrol. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
moneycontrol broke this story on 30 Sept, 09:36 am. Other outlets followed.