https://www.taxtmi.com/article/detailed?id=12972 An NCLT approved resolution plan freezes and extinguishes claims not incorporated in the plan as of its approval; such claims, including statutory dues, cannot be pursued thereafter. Section 238 of the IBC gives the approved plan overriding effect over inconsistent laws, and the plan binds the corporate debtor and all creditors and stakeholders regardless of whether a particular State or authority participated in the insolvency proceedings. en-us Sat, 28 Sep 2024 14:03:29 +0530 Sat, 28 Sep 2024 14:03:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12972 An NCLT approved resolution plan freezes and extinguishes claims not incorporated in the plan as of its approval; such claims, including statutory dues, cannot be pursued thereafter. Section 238 of the IBC gives the approved plan overriding effect over inconsistent laws, and the plan binds the corporate debtor and all creditors and stakeholders regardless of whether a particular State or authority participated in the insolvency proceedings. Articles Goods and Services Tax - GST Sat, 28 Sep 2024 14:03:29 +0530 https://www.taxtmi.com/article/detailed?id=12972