https://www.taxtmi.com/caselaws?id=416085 Approved resolution plans under the Insolvency and Bankruptcy Code bind all stakeholders, including Government authorities, and claims covered by the plan cannot be enforced after approval. The Court applied the fresh slate principle to hold that pre-resolution mining dues falling within the plan's scope stood extinguished, so the subsequent demand notices were unsustainable. It distinguished reliance on Common Cause because the present dues were addressed by the approved plan and were not shown to survive it. Statutory claims, even if disputed, remain claims capable of resolution under the Code and cannot be pursued contrary to the plan. The amount paid under protest was therefore refundable or adjustable. en-us Fri, 10 Dec 2021 00:00:00 +0530 Tue, 21 Dec 2021 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416085 Approved resolution plans under the Insolvency and Bankruptcy Code bind all stakeholders, including Government authorities, and claims covered by the plan cannot be enforced after approval. The Court applied the fresh slate principle to hold that pre-resolution mining dues falling within the plan's scope stood extinguished, so the subsequent demand notices were unsustainable. It distinguished reliance on Common Cause because the present dues were addressed by the approved plan and were not shown to survive it. Statutory claims, even if disputed, remain claims capable of resolution under the Code and cannot be pursued contrary to the plan. The amount paid under protest was therefore refundable or adjustable. Case-Laws Insolvency and Bankruptcy Fri, 10 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416085