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    <title>INCOME TAX PROCEEDINGS AGAINST THE CORPORATE DEBTOR AFTER THE RESOLUTION PLAN HAS BEEN APPROVED</title>
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    <description>An approved resolution plan is binding on the corporate debtor and all stakeholders; claims not incorporated into the approved plan stand extinguished on the date of approval and cannot be pursued thereafter. Where statutory authorities were given opportunities to file claims during CIRP but did not have admissible claims accepted, subsequent tax assessments predating plan approval lose enforceability to the extent they are not part of the plan.</description>
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    <pubDate>Mon, 17 Feb 2025 11:27:15 +0530</pubDate>
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      <description>An approved resolution plan is binding on the corporate debtor and all stakeholders; claims not incorporated into the approved plan stand extinguished on the date of approval and cannot be pursued thereafter. Where statutory authorities were given opportunities to file claims during CIRP but did not have admissible claims accepted, subsequent tax assessments predating plan approval lose enforceability to the extent they are not part of the plan.</description>
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