https://www.taxtmi.com/caselaws?id=786097 An approved resolution plan under the IBC extinguishes claims not incorporated in the plan, and prevents initiation or continuation of proceedings or appeals in respect of such claims; the plan is binding on creditors and statutory authorities, resulting in abatement of existing statutory proceedings and appeals. The conclusion follows the precedent relied upon that approval under Section 31 operates to preclude separate claims outside the plan, so proceedings before other forums must cease and the pending appeal is closed as a consequence. en-us Thu, 05 Feb 2026 00:00:00 +0530 Thu, 05 Feb 2026 20:52:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786097 An approved resolution plan under the IBC extinguishes claims not incorporated in the plan, and prevents initiation or continuation of proceedings or appeals in respect of such claims; the plan is binding on creditors and statutory authorities, resulting in abatement of existing statutory proceedings and appeals. The conclusion follows the precedent relied upon that approval under Section 31 operates to preclude separate claims outside the plan, so proceedings before other forums must cease and the pending appeal is closed as a consequence. Case-Laws IBC Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786097