https://www.taxtmi.com/caselaws?id=400972 The Tribunal emphasized the binding nature of the approved Resolution Plan under the Insolvency & Bankruptcy Code, stating it applies to all stakeholders, including statutory creditors. The Plan discharges antecedent operational debts, and claims not submitted within the stipulated time during the Corporate Insolvency Resolution Process are deemed extinguished. The Tribunal rejected applications for the liquidation of the Corporate Debtor, affirming the finality and binding effect of the Resolution Plan. en-us Fri, 06 Nov 2020 00:00:00 +0530 Tue, 24 Nov 2020 10:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400972 The Tribunal emphasized the binding nature of the approved Resolution Plan under the Insolvency & Bankruptcy Code, stating it applies to all stakeholders, including statutory creditors. The Plan discharges antecedent operational debts, and claims not submitted within the stipulated time during the Corporate Insolvency Resolution Process are deemed extinguished. The Tribunal rejected applications for the liquidation of the Corporate Debtor, affirming the finality and binding effect of the Resolution Plan. Case-Laws Insolvency and Bankruptcy Fri, 06 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400972