https://www.taxtmi.com/caselaws?id=764607 Once a resolution plan is approved under the Insolvency and Bankruptcy Code, claims not forming part of the plan stand frozen and cease to survive. Because the approved plan is binding on stakeholders and extinguished claims cannot be pursued further, the appellate tribunal treated the appeal as no longer open for adjudication and considered itself functus officio in relation to the matter. The appeal was therefore treated as abated and disposed of accordingly. en-us Wed, 08 Jan 2025 00:00:00 +0530 Tue, 14 Jan 2025 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764607 Once a resolution plan is approved under the Insolvency and Bankruptcy Code, claims not forming part of the plan stand frozen and cease to survive. Because the approved plan is binding on stakeholders and extinguished claims cannot be pursued further, the appellate tribunal treated the appeal as no longer open for adjudication and considered itself functus officio in relation to the matter. The appeal was therefore treated as abated and disposed of accordingly. Case-Laws Central Excise Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764607