https://www.taxtmi.com/caselaws?id=795248 Pending civil and arbitral operational-credit claims that had not crystallised into determinable and quantifiable claims before resolution-plan approval are treated as extinguished under the plan. The final creditor list assigned the disputed claims a notional value and did not reserve them pending adjudication, while the plan limited pro rata settlement payments to crystallised and approved claims and required pending proceedings to be withdrawn, abated, settled or extinguished. The clean-slate and fresh-start principles prevent indeterminate pre-effective-date liabilities from resurfacing after plan approval. No ambiguity supported contra proferentem or a face-value reservation mechanism. en-us Fri, 17 Jul 2026 00:00:00 +0530 Mon, 20 Jul 2026 09:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795248 Pending civil and arbitral operational-credit claims that had not crystallised into determinable and quantifiable claims before resolution-plan approval are treated as extinguished under the plan. The final creditor list assigned the disputed claims a notional value and did not reserve them pending adjudication, while the plan limited pro rata settlement payments to crystallised and approved claims and required pending proceedings to be withdrawn, abated, settled or extinguished. The clean-slate and fresh-start principles prevent indeterminate pre-effective-date liabilities from resurfacing after plan approval. No ambiguity supported contra proferentem or a face-value reservation mechanism. Case-Laws IBC Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795248