https://www.taxtmi.com/caselaws?id=770047 An approved resolution plan under the Insolvency and Bankruptcy Code, 2016 binds the corporate debtor and all creditors, including local authorities, and overrides inconsistent laws. Statutory municipal claims for the period before approval, if not included in the resolution plan, cannot later be pursued and stand extinguished. Accordingly, pre-approval notices, supplementary bills, and demands were quashed, while the municipality retained liberty to reassess liability only for the post-approval period in accordance with law and natural justice. en-us Fri, 02 May 2025 00:00:00 +0530 Tue, 06 May 2025 09:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770047 An approved resolution plan under the Insolvency and Bankruptcy Code, 2016 binds the corporate debtor and all creditors, including local authorities, and overrides inconsistent laws. Statutory municipal claims for the period before approval, if not included in the resolution plan, cannot later be pursued and stand extinguished. Accordingly, pre-approval notices, supplementary bills, and demands were quashed, while the municipality retained liberty to reassess liability only for the post-approval period in accordance with law and natural justice. Case-Laws IBC Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770047