https://www.taxtmi.com/caselaws?id=798070 Section 31 of the Insolvency and Bankruptcy Code binds governmental and local authorities to an approved corporate insolvency resolution plan. Statutory claims for electricity duty, cess and royalty that were not lodged during the resolution process, despite public notice, do not form part of the plan and stand extinguished once the plan attains finality. Pre-approval recovery proceedings for such dues cannot be initiated or continued. As the authorities neither submitted claims before the NCLT nor challenged plan approval, the statutory demands were quashed. en-us Tue, 21 Jul 2026 00:00:00 +0530 Wed, 02 Sep 2026 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798070 Section 31 of the Insolvency and Bankruptcy Code binds governmental and local authorities to an approved corporate insolvency resolution plan. Statutory claims for electricity duty, cess and royalty that were not lodged during the resolution process, despite public notice, do not form part of the plan and stand extinguished once the plan attains finality. Pre-approval recovery proceedings for such dues cannot be initiated or continued. As the authorities neither submitted claims before the NCLT nor challenged plan approval, the statutory demands were quashed. Case-Laws IBC Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798070