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    <title>2026 (1) TMI 570 - DELHI HIGH COURT</title>
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    <description>An approved resolution plan under the Insolvency and Bankruptcy Code binds the corporate debtor and all stakeholders under Section 31(1), and claims not surviving within the plan stand extinguished. Where the plan specifically covers contingent or sub judice claims and assigns them nil value, such claims cannot continue independently in arbitration after approval. The Delhi High Court also noted that writ interference may be justified where an arbitral tribunal proceeds despite inherent lack of jurisdiction. On that basis, proceedings founded on claims already dealt with and extinguished under the resolution process were held unable to continue.</description>
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      <link>https://www.taxtmi.com/caselaws?id=784814</link>
      <description>An approved resolution plan under the Insolvency and Bankruptcy Code binds the corporate debtor and all stakeholders under Section 31(1), and claims not surviving within the plan stand extinguished. Where the plan specifically covers contingent or sub judice claims and assigns them nil value, such claims cannot continue independently in arbitration after approval. The Delhi High Court also noted that writ interference may be justified where an arbitral tribunal proceeds despite inherent lack of jurisdiction. On that basis, proceedings founded on claims already dealt with and extinguished under the resolution process were held unable to continue.</description>
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