https://www.taxtmi.com/caselaws?id=420598 The National Company Law Tribunal (NCLT) dismissed multiple Interlocutory Applications (I.A.s) following the approval of a Resolution Plan, leading to appeals by M/s R.S Wire Industries being dismissed. The NCLT upheld the binding nature of the approved Resolution Plan under Section 31 of the Insolvency & Bankruptcy Code, extinguishing claims not included in the plan. The Tribunal found no merit in the appeals, affirming the dismissal of the I.A.s and emphasizing the importance of the approved Resolution Plan. The appeals were dismissed, and the Impugned Order was affirmed. en-us Mon, 04 Apr 2022 00:00:00 +0530 Tue, 05 Apr 2022 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420598 The National Company Law Tribunal (NCLT) dismissed multiple Interlocutory Applications (I.A.s) following the approval of a Resolution Plan, leading to appeals by M/s R.S Wire Industries being dismissed. The NCLT upheld the binding nature of the approved Resolution Plan under Section 31 of the Insolvency & Bankruptcy Code, extinguishing claims not included in the plan. The Tribunal found no merit in the appeals, affirming the dismissal of the I.A.s and emphasizing the importance of the approved Resolution Plan. The appeals were dismissed, and the Impugned Order was affirmed. Case-Laws Insolvency and Bankruptcy Mon, 04 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420598