https://www.taxtmi.com/article/detailed?id=12472 An approved resolution plan under the Code is binding on the corporate debtor and all stakeholders; once sanctioned by the NCLT its terms fix the treatment of claims and prevent subsequent enforcement measures that would alter or revive claims. Consequently, attachment of a corporate debtor's current account after approval of a resolution plan is inconsistent with the binding effect of an approved plan and claims must be dealt with in accordance with the plan's terms under Section 31. en-us Fri, 29 Mar 2024 07:48:51 +0530 Fri, 29 Mar 2024 07:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12472 An approved resolution plan under the Code is binding on the corporate debtor and all stakeholders; once sanctioned by the NCLT its terms fix the treatment of claims and prevent subsequent enforcement measures that would alter or revive claims. Consequently, attachment of a corporate debtor's current account after approval of a resolution plan is inconsistent with the binding effect of an approved plan and claims must be dealt with in accordance with the plan's terms under Section 31. Articles Corporate Laws / IBC / SEBI Fri, 29 Mar 2024 07:48:51 +0530 https://www.taxtmi.com/article/detailed?id=12472