https://www.taxtmi.com/caselaws?id=434684 An approved resolution plan remains binding on stakeholders and ordinarily extinguishes claims not included in the plan, but pending arbitration over a disputed operational claim need not be terminated where the dispute was already sub judice and the claim had been treated as under verification or rejected in the insolvency process. On those facts, the tribunal found no illegality in approval of the resolution plan and declined to set it aside, while preserving the operational creditor's liberty to continue pursuing the arbitration on merits in accordance with law. en-us Thu, 23 Feb 2023 00:00:00 +0530 Thu, 02 Mar 2023 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434684 An approved resolution plan remains binding on stakeholders and ordinarily extinguishes claims not included in the plan, but pending arbitration over a disputed operational claim need not be terminated where the dispute was already sub judice and the claim had been treated as under verification or rejected in the insolvency process. On those facts, the tribunal found no illegality in approval of the resolution plan and declined to set it aside, while preserving the operational creditor's liberty to continue pursuing the arbitration on merits in accordance with law. Case-Laws Insolvency and Bankruptcy Thu, 23 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434684