https://www.taxtmi.com/caselaws?id=396386 Applications by operational creditors for payment of alleged CIRP-period invoices as insolvency resolution process cost, interest on claims, and disciplinary action against the resolution professional were held not maintainable after approval of the resolution plan. The applicants had filed claims during the CIRP and were informed of the claims admitted without interest, but they did not effectively challenge that position before the plan was approved. Once the resolution plan stood approved, the resolution professional and the committee of creditors ceased to exist, so fresh relief could not be sought before the Tribunal on matters that should have been raised earlier. The applications were disposed of against the applicants. en-us Mon, 18 Nov 2019 00:00:00 +0530 Fri, 03 Jul 2020 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396386 Applications by operational creditors for payment of alleged CIRP-period invoices as insolvency resolution process cost, interest on claims, and disciplinary action against the resolution professional were held not maintainable after approval of the resolution plan. The applicants had filed claims during the CIRP and were informed of the claims admitted without interest, but they did not effectively challenge that position before the plan was approved. Once the resolution plan stood approved, the resolution professional and the committee of creditors ceased to exist, so fresh relief could not be sought before the Tribunal on matters that should have been raised earlier. The applications were disposed of against the applicants. Case-Laws Insolvency and Bankruptcy Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396386