IBC resolution plan and Revenue claim extinguishment considered, with notice directed to the Monitoring Committee for further directions.

Approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 is noted as raising the question whether the Revenue's claim stood extinguished, with a further issue on whether notice should issue to the Monitoring Committee. The matter was taken up for further consideration, notice was directed to the Monitoring Committee, and the appeal was listed for directions.

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Issues: Whether the claim of the Revenue stood extinguished upon approval of the Resolution Plan under the Insolvency and Bankruptcy Code, 2016, and whether notice should issue to the Monitoring Committee.

Outcome: The matter was taken up for further consideration, notice was directed to issue to the Monitoring Committee, and the appeal was listed for directions.

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