https://www.taxtmi.com/caselaws?id=412546 The Tribunal dismissed the appeal, emphasizing the importance of adhering to the Insolvency and Bankruptcy Code (IBC) timelines. It held that the Resolution Professional (RP) fulfilled duties diligently and was not required to include belated claims. The Tribunal underscored that once a Resolution Plan is approved, claims not included stand extinguished, including statutory dues. The approved Plan, supported by 91.02% of the Committee of Creditors, was pending final approval. The Tribunal found no basis to intervene in the process, highlighting the significance of timely compliance for an efficient insolvency resolution process. en-us Thu, 16 Sep 2021 00:00:00 +0530 Mon, 20 Sep 2021 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412546 The Tribunal dismissed the appeal, emphasizing the importance of adhering to the Insolvency and Bankruptcy Code (IBC) timelines. It held that the Resolution Professional (RP) fulfilled duties diligently and was not required to include belated claims. The Tribunal underscored that once a Resolution Plan is approved, claims not included stand extinguished, including statutory dues. The approved Plan, supported by 91.02% of the Committee of Creditors, was pending final approval. The Tribunal found no basis to intervene in the process, highlighting the significance of timely compliance for an efficient insolvency resolution process. Case-Laws Insolvency and Bankruptcy Thu, 16 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412546