https://www.taxtmi.com/caselaws?id=407565 Provident fund dues admitted during CIRP could not be re-opened or enlarged after approval of the resolution plan. The approved plan remained binding on the Corporate Debtor, employees, creditors and other stakeholders, consistent with the clean slate principle under the Insolvency and Bankruptcy Code. The exclusion of provident fund amounts from the liquidation estate under Section 36 was held to operate only at the liquidation stage and was inapplicable where the Corporate Debtor had not gone into liquidation. The later enhanced claim was unsupported and could not displace the claim already admitted and incorporated in the plan, so the challenge failed. en-us Wed, 12 May 2021 00:00:00 +0530 Fri, 14 May 2021 08:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407565 Provident fund dues admitted during CIRP could not be re-opened or enlarged after approval of the resolution plan. The approved plan remained binding on the Corporate Debtor, employees, creditors and other stakeholders, consistent with the clean slate principle under the Insolvency and Bankruptcy Code. The exclusion of provident fund amounts from the liquidation estate under Section 36 was held to operate only at the liquidation stage and was inapplicable where the Corporate Debtor had not gone into liquidation. The later enhanced claim was unsupported and could not displace the claim already admitted and incorporated in the plan, so the challenge failed. Case-Laws Insolvency and Bankruptcy Wed, 12 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407565