https://www.taxtmi.com/caselaws?id=403373 Approval of a resolution plan under the Insolvency and Bankruptcy Code bound all stakeholders under Section 31(1), and a suit claim not shown to have been included in the plan, with no claim lodged in the insolvency process, could not be maintained after approval. In Chapter XIIIA proceedings, that binding effect constituted a substantial defence for the defendant. The court therefore refused the decree sought by the plaintiffs and dismissed the application. en-us Fri, 22 Jan 2021 00:00:00 +0530 Wed, 27 Jan 2021 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403373 Approval of a resolution plan under the Insolvency and Bankruptcy Code bound all stakeholders under Section 31(1), and a suit claim not shown to have been included in the plan, with no claim lodged in the insolvency process, could not be maintained after approval. In Chapter XIIIA proceedings, that binding effect constituted a substantial defence for the defendant. The court therefore refused the decree sought by the plaintiffs and dismissed the application. Case-Laws Insolvency and Bankruptcy Fri, 22 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403373