https://www.taxtmi.com/highlights?id=85665 NCLAT affirmed NCLT's jurisdiction to address pre-CIRP dues refund applications under Section 60(5)(c). The tribunal held that all pre-CIRP claims were extinguished upon resolution plan approval, where appellant's claim of 2,32,13,387 was settled for 4,64,003. The respondent's request for refund of pre-CIRP payments was granted, as these payments were made under duress to maintain electricity supply. The tribunal emphasized that post-resolution plan approval, no additional pre-CIRP claims could be entertained, following precedents from SC judgments in Paschimanchal Vidyut and Ghanshyam Mishra cases. The appellant was barred from recovering any pre-CIRP dues beyond the approved resolution plan amount. en-us Wed, 12 Feb 2025 08:30:05 +0530 Wed, 12 Feb 2025 08:30:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=85665 NCLAT affirmed NCLT's jurisdiction to address pre-CIRP dues refund applications under Section 60(5)(c). The tribunal held that all pre-CIRP claims were extinguished upon resolution plan approval, where appellant's claim of 2,32,13,387 was settled for 4,64,003. The respondent's request for refund of pre-CIRP payments was granted, as these payments were made under duress to maintain electricity supply. The tribunal emphasized that post-resolution plan approval, no additional pre-CIRP claims could be entertained, following precedents from SC judgments in Paschimanchal Vidyut and Ghanshyam Mishra cases. The appellant was barred from recovering any pre-CIRP dues beyond the approved resolution plan amount. Highlights IBC Wed, 12 Feb 2025 08:30:05 +0530 https://www.taxtmi.com/highlights?id=85665