https://www.taxtmi.com/caselaws?id=408447 An approved and implemented resolution plan under the Insolvency and Bankruptcy Code extinguishes pre-resolution claims that were not admitted in the insolvency process, and such dues cannot later be enforced against the successful resolution applicant or the revived corporate debtor. Pre-CIRP electricity arrears therefore could not be demanded as a condition for reconnection, because the electricity law powers to recover defaulted dues cannot override the binding effect of the resolution plan. Amounts paid under protest to secure reconnection were not recoverable as continuing liabilities, and the related no objection and no dues certificates followed from that conclusion. en-us Mon, 10 May 2021 00:00:00 +0530 Fri, 11 Jun 2021 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408447 An approved and implemented resolution plan under the Insolvency and Bankruptcy Code extinguishes pre-resolution claims that were not admitted in the insolvency process, and such dues cannot later be enforced against the successful resolution applicant or the revived corporate debtor. Pre-CIRP electricity arrears therefore could not be demanded as a condition for reconnection, because the electricity law powers to recover defaulted dues cannot override the binding effect of the resolution plan. Amounts paid under protest to secure reconnection were not recoverable as continuing liabilities, and the related no objection and no dues certificates followed from that conclusion. Case-Laws Insolvency and Bankruptcy Mon, 10 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408447