https://www.taxtmi.com/caselaws?id=791943 A resolution plan approved under Section 31(1) of the Insolvency and Bankruptcy Code, 2016 binds all stakeholders, and claims not included in the plan stand extinguished. An income-tax demand raised before approval of the plan, but not forming part of the approved resolution plan, could not be enforced against the successful resolution applicant. The court therefore treated the demand and consequential assessment-related notices as unenforceable and set them aside. The alternate-remedy objection also failed because the insolvency resolution outcome had already extinguished the claim and the earlier rejection of that claim in insolvency proceedings had attained finality. en-us Wed, 06 May 2026 00:00:00 +0530 Wed, 20 May 2026 08:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791943 A resolution plan approved under Section 31(1) of the Insolvency and Bankruptcy Code, 2016 binds all stakeholders, and claims not included in the plan stand extinguished. An income-tax demand raised before approval of the plan, but not forming part of the approved resolution plan, could not be enforced against the successful resolution applicant. The court therefore treated the demand and consequential assessment-related notices as unenforceable and set them aside. The alternate-remedy objection also failed because the insolvency resolution outcome had already extinguished the claim and the earlier rejection of that claim in insolvency proceedings had attained finality. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791943