https://www.taxtmi.com/caselaws?id=459260 An approved resolution plan under the Insolvency and Bankruptcy Code attains finality and is binding on claims covered by it, so the Adjudicating Authority was not required to entertain a post-approval application filed months later under Section 60(5) and Section 9. The Tribunal agreed that the corporate debtor could not be proceeded against for dues not provided for in the approved plan. It also recorded by consent that the NCLT's observations in the dismissal order would not bar either party from pursuing legal remedies in accordance with law. en-us Thu, 06 Jul 2023 00:00:00 +0530 Fri, 06 Dec 2024 18:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459260 An approved resolution plan under the Insolvency and Bankruptcy Code attains finality and is binding on claims covered by it, so the Adjudicating Authority was not required to entertain a post-approval application filed months later under Section 60(5) and Section 9. The Tribunal agreed that the corporate debtor could not be proceeded against for dues not provided for in the approved plan. It also recorded by consent that the NCLT's observations in the dismissal order would not bar either party from pursuing legal remedies in accordance with law. Case-Laws IBC Thu, 06 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459260