https://www.taxtmi.com/highlights?id=97144 The Appellate Tribunal held that an approved resolution plan, restored and implemented prior to the impugned order, carries binding effect and precludes inconsistent adverse action; accordingly claims not incorporated in the sanctioned plan are extinguished to the extent the plan governs creditor treatment. The tribunal relied on a prior higher-court precedent restoring plan approval and concluded the impugned administrative order could not stand; the impugned order was set aside and the appellant company's appeal allowed, with pending applications disposed of accordingly. en-us Wed, 25 Feb 2026 11:38:16 +0530 Wed, 25 Feb 2026 11:38:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97144 The Appellate Tribunal held that an approved resolution plan, restored and implemented prior to the impugned order, carries binding effect and precludes inconsistent adverse action; accordingly claims not incorporated in the sanctioned plan are extinguished to the extent the plan governs creditor treatment. The tribunal relied on a prior higher-court precedent restoring plan approval and concluded the impugned administrative order could not stand; the impugned order was set aside and the appellant company's appeal allowed, with pending applications disposed of accordingly. Highlights FEMA Wed, 25 Feb 2026 11:38:16 +0530 https://www.taxtmi.com/highlights?id=97144