https://www.taxtmi.com/caselaws?id=769195 SC ruling on corporate insolvency resolution affirms that once an NCLT-approved Resolution Plan is implemented, all claims not included in the plan stand extinguished. The Tribunal dismissed excise duty appeals as infructuous, holding that no recovery proceedings can continue against the corporate debtor post-resolution plan. The decision reinforces the binding nature of IBC 2016 proceedings and precludes government authorities from pursuing unresolved claims. en-us Thu, 17 Apr 2025 00:00:00 +0530 Tue, 22 Apr 2025 08:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769195 SC ruling on corporate insolvency resolution affirms that once an NCLT-approved Resolution Plan is implemented, all claims not included in the plan stand extinguished. The Tribunal dismissed excise duty appeals as infructuous, holding that no recovery proceedings can continue against the corporate debtor post-resolution plan. The decision reinforces the binding nature of IBC 2016 proceedings and precludes government authorities from pursuing unresolved claims. Case-Laws Central Excise Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769195