https://www.taxtmi.com/caselaws?id=426920 The appeal challenging the Resolution Plan's approval under the Insolvency and Bankruptcy Code was dismissed by the National Company Law Tribunal (NCLT). The Tribunal upheld the Resolution Plan approved by the Committee of Creditors (CoC), emphasizing the CoC's commercial decision-making authority. The Tribunal found that the Resolution Plan's treatment of claims, including statutory dues, was in compliance with statutory requirements. It was determined that once a resolution plan is approved, all claims not included in the plan, including statutory dues, are extinguished. en-us Thu, 25 Aug 2022 00:00:00 +0530 Sat, 27 Aug 2022 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426920 The appeal challenging the Resolution Plan's approval under the Insolvency and Bankruptcy Code was dismissed by the National Company Law Tribunal (NCLT). The Tribunal upheld the Resolution Plan approved by the Committee of Creditors (CoC), emphasizing the CoC's commercial decision-making authority. The Tribunal found that the Resolution Plan's treatment of claims, including statutory dues, was in compliance with statutory requirements. It was determined that once a resolution plan is approved, all claims not included in the plan, including statutory dues, are extinguished. Case-Laws Insolvency and Bankruptcy Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426920