https://www.taxtmi.com/caselaws?id=467629 On approval of a resolution plan, pre-CIRP statutory and government liabilities not included in the plan cease to survive against the corporate debtor, including claims of government and local authorities. The approved plan is treated as a comprehensive arrangement for the corporate debtor as a going concern, so excluded past dues cannot be revived after approval. For implementation, the resolution applicant must obtain necessary approvals within one year from the date of approval, or within such longer period as provided under the relevant law, whichever is later; a separate 18-month period was not recognised. The application was allowed only to the extent of these clarifications. en-us Wed, 18 Oct 2023 00:00:00 +0530 Fri, 27 Mar 2026 15:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467629 On approval of a resolution plan, pre-CIRP statutory and government liabilities not included in the plan cease to survive against the corporate debtor, including claims of government and local authorities. The approved plan is treated as a comprehensive arrangement for the corporate debtor as a going concern, so excluded past dues cannot be revived after approval. For implementation, the resolution applicant must obtain necessary approvals within one year from the date of approval, or within such longer period as provided under the relevant law, whichever is later; a separate 18-month period was not recognised. The application was allowed only to the extent of these clarifications. Case-Laws IBC Wed, 18 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467629