Skip to main content
← back
Informative

IBC | For Resolution Plan Involving Combination, Prior Approval Of Competition Commission Mandatory Before CoC Examination : Supreme Court

Update / Judgement Date

30 Jan 2025

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

The Supreme Court clarified the approval process for resolution plans under Section 31 of the Insolvency and Bankruptcy Code (IBC), stating that the Competition Commission of India (CCI) must approve such plans if they meet antitrust regulations. This ruling ensures that IBC proceedings align with competition law.