#Section 30

The Supreme Court held that CoC approval of a resolution plan under IBC creates a binding obligation that cannot be withdrawn, even if the corporate debtor's financial position improves. The Court directed the NCLT to expeditiously decide on plan confirmation and competing OTS applications, reinforcing finality of CoC approval and protecting successful resolution applicants.

The Supreme Court declared Lok Adalat awards void where any claimant's signature is missing, overturning the High Court's endorsement. It remitted the compensation dispute for fresh reference to the civil court under Section 30 of the Land Acquisition Act, 1894, impacting all parties in similar land-acquisition cases.

The Calcutta High Court acquitted the accused, ruling that an unexplained nine-month FIR delay destroys the statutory presumption of guilt under Section 29 of the POCSO Act. The decision limits the presumption to promptly filed FIRs, safeguarding defendants from automatic liability.