https://www.taxtmi.com/caselaws?id=424495 The Tribunal rejected the applicant's claim seeking relief for losses due to a contractual breach by the Corporate Debtor, amounting to Rs. 5,70,90,760. Despite the failure to supply the agreed stainless steel flat, the Tribunal emphasized that once the Resolution Plan was approved, all claims not part of the plan stand extinguished. As the applicant did not participate in the approval process and approached the Authority post-approval, the Tribunal ruled they had no standing to seek relief at that stage. Consequently, the application was rejected, and parties were directed to obtain a certified copy of the order. en-us Wed, 22 Jun 2022 00:00:00 +0530 Sat, 02 Jul 2022 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424495 The Tribunal rejected the applicant's claim seeking relief for losses due to a contractual breach by the Corporate Debtor, amounting to Rs. 5,70,90,760. Despite the failure to supply the agreed stainless steel flat, the Tribunal emphasized that once the Resolution Plan was approved, all claims not part of the plan stand extinguished. As the applicant did not participate in the approval process and approached the Authority post-approval, the Tribunal ruled they had no standing to seek relief at that stage. Consequently, the application was rejected, and parties were directed to obtain a certified copy of the order. Case-Laws Insolvency and Bankruptcy Wed, 22 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424495