https://www.taxtmi.com/caselaws?id=403466 The Tribunal held that claims not submitted before the approval of the Resolution Plan are not valid. Claims filed by the Respondent post-approval of the Plan were dismissed. The Tribunal emphasized the overriding effect of Section 238 of the Insolvency and Bankruptcy Code over other laws. The Respondent's argument that government revenue cannot be extinguished was rejected. The Corporate Debtor was directed to confirm timely payment of statutory dues. The Tribunal set aside the Respondent's claims and instructed strict implementation of the Resolution Plan, with a compliance report due in 15 days. en-us Wed, 20 Jan 2021 00:00:00 +0530 Sat, 30 Jan 2021 06:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403466 The Tribunal held that claims not submitted before the approval of the Resolution Plan are not valid. Claims filed by the Respondent post-approval of the Plan were dismissed. The Tribunal emphasized the overriding effect of Section 238 of the Insolvency and Bankruptcy Code over other laws. The Respondent's argument that government revenue cannot be extinguished was rejected. The Corporate Debtor was directed to confirm timely payment of statutory dues. The Tribunal set aside the Respondent's claims and instructed strict implementation of the Resolution Plan, with a compliance report due in 15 days. Case-Laws Insolvency and Bankruptcy Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403466