https://www.taxtmi.com/caselaws?id=423984 The Adjudicating Authority dismissed the petition for the initiation of Corporate Insolvency Resolution Process under section 9 of the Insolvency and Bankruptcy Code, 2016, due to claims filed by the Operational Creditor after the approval of the resolution plan. The court emphasized the binding nature of resolution plans and the extinguishment of claims not included in such plans, referencing legal precedents to support the decision. The order instructed the registry to inform all parties, outlined further steps, and concluded the judgment on June 13, 2022. en-us Mon, 13 Jun 2022 00:00:00 +0530 Sat, 18 Jun 2022 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423984 The Adjudicating Authority dismissed the petition for the initiation of Corporate Insolvency Resolution Process under section 9 of the Insolvency and Bankruptcy Code, 2016, due to claims filed by the Operational Creditor after the approval of the resolution plan. The court emphasized the binding nature of resolution plans and the extinguishment of claims not included in such plans, referencing legal precedents to support the decision. The order instructed the registry to inform all parties, outlined further steps, and concluded the judgment on June 13, 2022. Case-Laws Insolvency and Bankruptcy Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423984