https://www.taxtmi.com/caselaws?id=760584 Delhi HC dismissed appeal regarding extinguished claims post-resolution plan approval. Appellant failed to re-file returned claim with Resolution Professional, allowing it to be processed by Committee of Creditors. Despite receiving Rs. 9.21 crores from successful Resolution Applicant and having notice of NCLT approval on 20th March 2023, appellant neither objected nor challenged Resolution Plan. Court held that once Resolution Plan is formally approved by NCLT, remaining claims are deemed extinguished per SC precedent in Ghanashyam Mishra. Appellant's apathy in letting claim extinguish without protest distinguished case from Greater Noida Industrial Development Authority where aggrieved party actively challenged Resolution Plan itself. en-us Tue, 22 Oct 2024 00:00:00 +0530 Wed, 23 Oct 2024 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760584 Delhi HC dismissed appeal regarding extinguished claims post-resolution plan approval. Appellant failed to re-file returned claim with Resolution Professional, allowing it to be processed by Committee of Creditors. Despite receiving Rs. 9.21 crores from successful Resolution Applicant and having notice of NCLT approval on 20th March 2023, appellant neither objected nor challenged Resolution Plan. Court held that once Resolution Plan is formally approved by NCLT, remaining claims are deemed extinguished per SC precedent in Ghanashyam Mishra. Appellant's apathy in letting claim extinguish without protest distinguished case from Greater Noida Industrial Development Authority where aggrieved party actively challenged Resolution Plan itself. Case-Laws IBC Tue, 22 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760584