https://www.taxtmi.com/caselaws?id=378567 A belated challenge to rejection of claims was not maintainable where the application was filed long after approval of the resolution plan. Once a resolution plan is approved, pending claims against the corporate debtor are treated as settled through the plan, and fresh claims cannot ordinarily be pursued against the restructured management. Because the applicants did not promptly contest the rejection of their claims and approached the Tribunal after considerable delay, the grievance was found unsustainable and the application was dismissed as misconceived. en-us Mon, 25 Feb 2019 00:00:00 +0530 Thu, 18 Apr 2019 08:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378567 A belated challenge to rejection of claims was not maintainable where the application was filed long after approval of the resolution plan. Once a resolution plan is approved, pending claims against the corporate debtor are treated as settled through the plan, and fresh claims cannot ordinarily be pursued against the restructured management. Because the applicants did not promptly contest the rejection of their claims and approached the Tribunal after considerable delay, the grievance was found unsustainable and the application was dismissed as misconceived. Case-Laws Insolvency and Bankruptcy Mon, 25 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378567