https://www.taxtmi.com/caselaws?id=456636 Whether a creditor's demand survives after failure to lodge its claim within the time contemplated under s.31 of the IBC was the dominant issue. Applying the SC's binding ratio in Ghanashyam Mishra, the Court held that once a resolution plan is approved under s.31, all claims not forming part of the plan stand extinguished and cannot be pursued thereafter. Consequently, the appellants' belated demand was held not maintainable and to no longer survive for consideration, and the appeal was disposed of. en-us Thu, 29 Feb 2024 00:00:00 +0530 Mon, 12 Jan 2026 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456636 Whether a creditor's demand survives after failure to lodge its claim within the time contemplated under s.31 of the IBC was the dominant issue. Applying the SC's binding ratio in Ghanashyam Mishra, the Court held that once a resolution plan is approved under s.31, all claims not forming part of the plan stand extinguished and cannot be pursued thereafter. Consequently, the appellants' belated demand was held not maintainable and to no longer survive for consideration, and the appeal was disposed of. Case-Laws IBC Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456636