https://www.taxtmi.com/caselaws?id=423472 Once a resolution plan is approved under the Insolvency and Bankruptcy Code, pre-CIRP statutory dues and recovery claims that were neither lodged in the CIRP nor included in the approved plan stand extinguished and cannot be pursued thereafter. The article also notes that proceedings under the Maharashtra Tenancy and Agricultural Land Act, 1948, based on alleged breach of purchase conditions, are not treated as recovery actions for insolvency purposes and are not barred merely because the corporate debtor is under CIRP or has obtained resolution plan approval. The result is that insolvency finality protects against excluded pre-CIRP claims, but independent statutory enforcement proceedings may still continue. en-us Fri, 03 Jun 2022 00:00:00 +0530 Tue, 07 Jun 2022 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423472 Once a resolution plan is approved under the Insolvency and Bankruptcy Code, pre-CIRP statutory dues and recovery claims that were neither lodged in the CIRP nor included in the approved plan stand extinguished and cannot be pursued thereafter. The article also notes that proceedings under the Maharashtra Tenancy and Agricultural Land Act, 1948, based on alleged breach of purchase conditions, are not treated as recovery actions for insolvency purposes and are not barred merely because the corporate debtor is under CIRP or has obtained resolution plan approval. The result is that insolvency finality protects against excluded pre-CIRP claims, but independent statutory enforcement proceedings may still continue. Case-Laws Insolvency and Bankruptcy Fri, 03 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423472