https://www.taxtmi.com/caselaws?id=405357 The tribunal allowed the appeal, setting aside the order directing the Resolution Professional to make payment of salary post-approval of the Resolution Plan under the I&B Code 2016. It was held that the settled claim of the Respondent had been extinguished by the approved Resolution Plan, which binds all stakeholders, including employees. The tribunal emphasized that post-approval, no new claims should burden the successful resolution applicant. The Adjudicating Authority erred in issuing directions to the erstwhile Resolution Professional, and the appeal was allowed without costs. en-us Wed, 17 Mar 2021 00:00:00 +0530 Thu, 18 Mar 2021 09:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405357 The tribunal allowed the appeal, setting aside the order directing the Resolution Professional to make payment of salary post-approval of the Resolution Plan under the I&B Code 2016. It was held that the settled claim of the Respondent had been extinguished by the approved Resolution Plan, which binds all stakeholders, including employees. The tribunal emphasized that post-approval, no new claims should burden the successful resolution applicant. The Adjudicating Authority erred in issuing directions to the erstwhile Resolution Professional, and the appeal was allowed without costs. Case-Laws Insolvency and Bankruptcy Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405357