https://www.taxtmi.com/caselaws?id=422231 An approved resolution plan extinguished the provident fund demand for the pre-effective-date period because the plan expressly discharged all prior claims and demands not admitted and included in it. The Tribunal applied the insolvency principle that once a resolution plan is approved, claims not submitted or not forming part of the plan cannot later be enforced against the corporate debtor, as that would undermine the certainty of the insolvency process. The pre-effective-date demand was therefore set aside, while current statutory dues arising after the effective date remained payable in time. en-us Fri, 06 May 2022 00:00:00 +0530 Thu, 12 May 2022 08:43:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422231 An approved resolution plan extinguished the provident fund demand for the pre-effective-date period because the plan expressly discharged all prior claims and demands not admitted and included in it. The Tribunal applied the insolvency principle that once a resolution plan is approved, claims not submitted or not forming part of the plan cannot later be enforced against the corporate debtor, as that would undermine the certainty of the insolvency process. The pre-effective-date demand was therefore set aside, while current statutory dues arising after the effective date remained payable in time. Case-Laws Insolvency and Bankruptcy Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422231