https://www.taxtmi.com/caselaws?id=425025 Approval of a resolution plan under the Insolvency and Bankruptcy Code extinguishes pre-CIRP claims not included in the plan, because Section 31(1) binds all stakeholders and Section 238 gives the Code overriding effect. The earlier electricity dues, not lodged in the CIRP, therefore did not survive and could not be enforced after approval. Contractual terms and State supply regulations could not override the Code, and the distribution licensee remained bound by its statutory duty to supply electricity on request. The attempt to refuse reconnection on the basis of stale dues was thus untenable. en-us Tue, 12 Jul 2022 00:00:00 +0530 Fri, 26 Jun 2026 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425025 Approval of a resolution plan under the Insolvency and Bankruptcy Code extinguishes pre-CIRP claims not included in the plan, because Section 31(1) binds all stakeholders and Section 238 gives the Code overriding effect. The earlier electricity dues, not lodged in the CIRP, therefore did not survive and could not be enforced after approval. Contractual terms and State supply regulations could not override the Code, and the distribution licensee remained bound by its statutory duty to supply electricity on request. The attempt to refuse reconnection on the basis of stale dues was thus untenable. Case-Laws IBC Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425025