Resolution plan finality can extinguish excluded claims and justify staying money-decree execution without mandatory deposit pending appeal.

An approved corporate insolvency resolution plan binds all creditors, including creditors who did not submit claims, and extinguishes pre-approval claims excluded from the plan. The note explains that continuing proceedings based on such claims would undermine the insolvency framework. It also addresses stay of a money decree pending appeal, stating that deposit of the decretal amount is not invariably required where exceptional circumstances justify a stay. Approval of the resolution plan and the binding effect of Section 31 are identified as circumstances supporting suspension of the decree's operation, execution and implementation pending appeal.

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Issues: Whether execution of the money decree against the corporate debtor could be stayed pending appeal after approval of its resolution plan, and whether deposit of the decretal amount was mandatory for such stay.

Analysis: The resolution plan approved by the adjudicating authority binds all creditors, including those who did not lodge claims, and claims not forming part of the plan stand extinguished. Continuation of proceedings founded on pre-approval claims would undermine the insolvency framework. The requirement of deposit while granting stay of a money decree is not mandatory where exceptional circumstances justify stay; the approved resolution plan and the statutory effect of Section 31 supplied such circumstances.

Outcome: Operation, execution and implementation of the impugned money decree were stayed until final disposal of the appeal; the application for additional evidence will be heard with the appeal.

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