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In the Union Bank of India v. Dinkar T. Venkatasubramanian and others, the National Company Law Appellate Tribunal (NCLAT) reaffirmed that a resolution plan approved by the Committee of Creditors (CoC) binds all stakeholders, including dissenting Financial Creditors, ensuring the stability of the corporate insolvency resolution process.

The Supreme Court’s judgment in Union Bank of India vs. Mr. Dinkar T. Venkatasubramanian & Ors. (2020) relates to the resolution plan approved by the Committee of Creditors (CoC) for a financially stressed corporate debtor. The case revolves around the...