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    <title>2023 (2) TMI 1442 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH, NEW DELHI</title>
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    <description>A rent-related claim sought to be enforced after approval of a resolution plan raised the issue whether such claim survives. Applying SC precedent, the Appellate Tribunal held that upon approval of a resolution plan under s.31(1) IBC, all claims are frozen and binding on the corporate debtor and all stakeholders, and any claim not forming part of the approved plan stands extinguished. Since the claimant&#039;s rent claim was not included in the resolution plan, no proceedings could be initiated or continued in respect of it, rendering the claim infructuous; the appeals were therefore dismissed.</description>
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    <pubDate>Tue, 28 Feb 2023 00:00:00 +0530</pubDate>
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      <title>2023 (2) TMI 1442 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH, NEW DELHI</title>
      <link>https://www.taxtmi.com/caselaws?id=465452</link>
      <description>A rent-related claim sought to be enforced after approval of a resolution plan raised the issue whether such claim survives. Applying SC precedent, the Appellate Tribunal held that upon approval of a resolution plan under s.31(1) IBC, all claims are frozen and binding on the corporate debtor and all stakeholders, and any claim not forming part of the approved plan stands extinguished. Since the claimant&#039;s rent claim was not included in the resolution plan, no proceedings could be initiated or continued in respect of it, rendering the claim infructuous; the appeals were therefore dismissed.</description>
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