https://www.taxtmi.com/caselaws?id=310231 The appeal abated due to the approval of the resolution plan by NCLT, making the claims provided in the plan binding on all stakeholders and extinguishing any claims not included. The application of Rule 22 of CESTAT Procedure Rules led to the abatement of the appeal as no application for continuance was filed by the successor-in-interest. The treatment of Operational Creditors in the resolution plan prioritized their payment over Financial Creditors in specific scenarios. Claims not part of the approved plan were extinguished, emphasizing the importance of timely claim filing to avoid rejection post-approval. en-us Tue, 19 Jul 2022 00:00:00 +0530 Fri, 13 Oct 2023 09:02:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310231 The appeal abated due to the approval of the resolution plan by NCLT, making the claims provided in the plan binding on all stakeholders and extinguishing any claims not included. The application of Rule 22 of CESTAT Procedure Rules led to the abatement of the appeal as no application for continuance was filed by the successor-in-interest. The treatment of Operational Creditors in the resolution plan prioritized their payment over Financial Creditors in specific scenarios. Claims not part of the approved plan were extinguished, emphasizing the importance of timely claim filing to avoid rejection post-approval. Case-Laws Insolvency and Bankruptcy Tue, 19 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310231