Approved resolution plans extinguish unfiled pre-plan tax claims, preventing recovery of statutory dues outside the insolvency process.

An approved insolvency resolution plan binds all creditors, including governmental authorities, and extinguishes statutory dues not included in that plan. Where the Revenue did not lodge an income-tax claim during the corporate insolvency resolution process, it cannot pursue or recover pre-resolution-plan tax dues outside the approved plan. Any challenge to an appellate tax order would therefore not result in a recoverable demand, making the proposed questions of law academic and unnecessary for adjudication.

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Issues: Whether the Revenue could pursue or enforce an income-tax claim for a pre-resolution-plan period when no claim was lodged or included in the resolution plan approved under the insolvency process.

Analysis: An approved resolution plan binds all creditors, including governmental authorities. Statutory dues not forming part of the approved plan stand extinguished, and proceedings concerning those pre-approval dues cannot continue. The Revenue had not lodged its claim during the corporate insolvency resolution process; accordingly, even a possible success in its challenge to the appellate tax order could not yield a recoverable demand outside the approved plan.

Conclusion: The Revenue could not assert or recover the alleged tax dues outside the approved resolution plan; the proposed questions of law were academic and required no adjudication.

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