https://www.taxtmi.com/article/detailed?id=13975 Once the adjudicating authority approves a resolution plan that meets Section 30 requirements, the plan is binding on the corporate debtor, its employees, members, creditors (including government bodies), guarantors and other stakeholders, and must provide for effective implementation. Liabilities and claims not included in the approved plan stand extinguished as of the approval date and cannot be enforced thereafter; claims must be submitted during the CIRP to be considered and cannot be revived against the successful resolution applicant. en-us Mon, 31 Mar 2025 08:44:53 +0530 Mon, 31 Mar 2025 08:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13975 Once the adjudicating authority approves a resolution plan that meets Section 30 requirements, the plan is binding on the corporate debtor, its employees, members, creditors (including government bodies), guarantors and other stakeholders, and must provide for effective implementation. Liabilities and claims not included in the approved plan stand extinguished as of the approval date and cannot be enforced thereafter; claims must be submitted during the CIRP to be considered and cannot be revived against the successful resolution applicant. Articles Corporate Laws / IBC / SEBI Mon, 31 Mar 2025 08:44:53 +0530 https://www.taxtmi.com/article/detailed?id=13975