Approved resolution plan bars fresh interest claims on gratuity and salary dues that would reopen settled liabilities.

After approval of a resolution plan, the tribunal cannot grant fresh reliefs that would alter the settled claims position or add new components to the plan. Applications seeking admission of interest on gratuity and salary dues were therefore not maintainable once the plan had been approved, especially where the admitted record showed interest on gratuity had already been considered up to the commencement of CIRP. The request for further directions was rejected because reopening the plan to include additional interest claims would be inconsistent with the approved resolution framework.

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Issues: Whether the applicants could seek admission of interest on gratuity and salary dues after approval of the resolution plan.

Analysis: The applications were founded on a request to include interest on admitted claims in the information memorandum and resolution plan. By the time the matter was considered, the resolution plan had already been approved. Once a resolution plan is approved, the tribunal cannot direct fresh reliefs that would alter the settled claims position or add new components to the plan. The admitted material also showed that interest on gratuity had already been taken into account up to the commencement of CIRP.

Conclusion: The claim for further direction could not be granted and the issue was decided against the applicants.

Final Conclusion: The applications failed because the approved resolution plan left no scope for additional directions regarding the claimed interest.

Ratio Decidendi: After approval of a resolution plan, additional claims or fresh reliefs that are inconsistent with the plan or that would reopen the settled claims position cannot be directed to be admitted.

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