https://www.taxtmi.com/caselaws?id=406497 The SC held that once a resolution plan is approved by the adjudicating authority (NCLT) under Section 31, it binds the corporate debtor, its employees, members, guarantors and all creditors including the Central Government, State Governments and local authorities; claims not included in the approved plan are extinguished and cannot be pursued. The 2019 amendment to Section 31 is declaratory/clarificatory and retrospective, but the same protective effect would apply even absent the amendment. All pre-approval statutory dues not part of the plan stand discharged. en-us Tue, 13 Apr 2021 00:00:00 +0530 Wed, 27 Aug 2025 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406497 The SC held that once a resolution plan is approved by the adjudicating authority (NCLT) under Section 31, it binds the corporate debtor, its employees, members, guarantors and all creditors including the Central Government, State Governments and local authorities; claims not included in the approved plan are extinguished and cannot be pursued. The 2019 amendment to Section 31 is declaratory/clarificatory and retrospective, but the same protective effect would apply even absent the amendment. All pre-approval statutory dues not part of the plan stand discharged. Case-Laws IBC Tue, 13 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406497