https://www.taxtmi.com/caselaws?id=466393 Resolution plans under the I&B Code bind the corporate debtor, creditors and other stakeholders and extinguish claims not included in the approved plan; the 2019 amendment is treated as clarificatory and retrospective, and the Code overrides inconsistent laws under the inconsistency principle. The decision affirms the concepts of operational debt and operational creditor and notes the resolution professional's duty to collate claims. A demand notice issued after plan approval was quashed and all consequential proceedings terminated; an earlier adjudicating authority order is the subject of a pending statutory appeal. en-us Wed, 18 Dec 2024 00:00:00 +0530 Thu, 05 Feb 2026 18:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466393 Resolution plans under the I&B Code bind the corporate debtor, creditors and other stakeholders and extinguish claims not included in the approved plan; the 2019 amendment is treated as clarificatory and retrospective, and the Code overrides inconsistent laws under the inconsistency principle. The decision affirms the concepts of operational debt and operational creditor and notes the resolution professional's duty to collate claims. A demand notice issued after plan approval was quashed and all consequential proceedings terminated; an earlier adjudicating authority order is the subject of a pending statutory appeal. Case-Laws IBC Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466393