https://www.taxtmi.com/caselaws?id=757940 Approved resolution plans bind the corporate debtor, creditors and other stakeholders, requiring claims to be addressed within the insolvency resolution framework. A resolution applicant's participation in a joint venture does not by itself establish related-party ineligibility; a nexus or control demonstrating related-party status is required. Following plan approval and change in management, the corporate debtor operates on a clean slate. Statutory immunity for corporate assets may prevent attachment for prior offences where the prescribed conditions are met. Consequently, settled insolvency consequences cannot be reopened through directions requiring banks or RBI intervention for creditor benefit. en-us Mon, 05 Aug 2024 00:00:00 +0530 Thu, 05 Sep 2024 07:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757940 Approved resolution plans bind the corporate debtor, creditors and other stakeholders, requiring claims to be addressed within the insolvency resolution framework. A resolution applicant's participation in a joint venture does not by itself establish related-party ineligibility; a nexus or control demonstrating related-party status is required. Following plan approval and change in management, the corporate debtor operates on a clean slate. Statutory immunity for corporate assets may prevent attachment for prior offences where the prescribed conditions are met. Consequently, settled insolvency consequences cannot be reopened through directions requiring banks or RBI intervention for creditor benefit. Case-Laws Insolvency and Bankruptcy Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757940