Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Page of 4788
Press 'Enter' after typing page number.
481 to 500 of 95752 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Once a resolution plan is approved under the IBC, only claims included in that plan survive; all other pre-CIRP claims stand extinguished by operation of law. That principle applies to contractual claims arising before commencement of CIRP, which must be lodged in the insolvency process rather than pursued separately. On that basis, post-approval arbitration over claims not forming part of the approved plan is without jurisdiction, and any award on such extinguished claims is unsustainable. The text notes that the award was set aside because the respondent's pre-CIRP arbitral claims were not shown to be part of the approved resolution plan.
Once a resolution plan is approved under the IBC, only claims included in that plan survive; all other pre-CIRP claims stand extinguished by operation of law. That principle applies to contractual claims arising before commencement of CIRP, which must be lodged in the insolvency process rather than pursued separately. On that basis, post-approval arbitration over claims not forming part of the approved plan is without jurisdiction, and any award on such extinguished claims is unsustainable. The text notes that the award was set aside because the respondent's pre-CIRP arbitral claims were not shown to be part of the approved resolution plan.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
