https://www.taxtmi.com/caselaws?id=759446 Approval of a resolution plan under the Insolvency and Bankruptcy Code binds the corporate debtor and all stakeholders, including governmental authorities, and extinguishes claims not included in the approved plan. Pre-CIRP tax demands and related recovery action based on dues and excess credit allegations could not survive once the plan was approved, because the relevant liabilities were not preserved in the plan. The assessment order, recovery notices and lien were therefore quashed and set aside, and further proceedings to recover those claims were barred. en-us Fri, 20 Sep 2024 00:00:00 +0530 Tue, 01 Oct 2024 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759446 Approval of a resolution plan under the Insolvency and Bankruptcy Code binds the corporate debtor and all stakeholders, including governmental authorities, and extinguishes claims not included in the approved plan. Pre-CIRP tax demands and related recovery action based on dues and excess credit allegations could not survive once the plan was approved, because the relevant liabilities were not preserved in the plan. The assessment order, recovery notices and lien were therefore quashed and set aside, and further proceedings to recover those claims were barred. Case-Laws VAT / Sales Tax Fri, 20 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759446