Approved resolution plan bars refund claims based on later tariff revisions and accounting adjustments

An approved resolution plan confines pre-CIRP liabilities to the amounts fixed in the plan, and claims not included in it stand extinguished on approval. Revised tariff bills issued after the plan were treated only as internal accounting adjustments to reflect reduced receivables or bad debt, not as a fresh demand or a basis for refund. As the appellant showed no enforceable entitlement beyond the settled amount, no refund or further relief could be granted contrary to the approved plan. The binding effect of the resolution plan therefore prevented reopening the liability through later tariff revisions.

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Issues: Whether the appellant was entitled to a refund or set-off on account of tariff revision reflected in revised bills after approval of the resolution plan, and whether any relief could be granted contrary to the amounts fixed under the approved plan.

Analysis: The revised bills issued after the tariff orders were found to be for adjustment of the respondent's internal accounts and for determining the reduced receivable or bad debt position, not for raising a fresh demand against the appellant. The approved resolution plan had already fixed and confined the pre-CIRP liability, and claims not forming part of the plan stood extinguished on approval. Reduction in tariff could at best affect the accounting of the outstanding dues and could not create a refundable amount in favour of the appellant. The appellant also did not show any enforceable demand beyond the amount settled under the plan.

Conclusion: The appellant was not entitled to any refund or further relief on the basis of tariff revision, and the rejection of the application was .

Final Conclusion: The approved resolution plan remained binding, the revised tariff entries did not confer a refundable claim on the appellant, and the appeal failed.

Ratio Decidendi: Once a resolution plan is approved, pre-CIRP claims stand confined to the plan and cannot be reopened or converted into a refund claim on the basis of later accounting adjustments or tariff revisions.

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