https://www.taxtmi.com/caselaws?id=800702 Approval of a resolution plan under the IBC extinguishes pre-CIRP claims against the corporate debtor and successful resolution applicant, including claims omitted from the plan, while claims owed to the corporate debtor survive for pursuit by the successful resolution applicant. The arbitration agreement remains separable from the underlying contract and may continue despite termination and plan approval. Where reciprocal claims arise under the same contract, an extinguished operational creditor claim may exceptionally operate only as a defensive set-off against sums payable, not as an affirmative monetary counterclaim. Excluding the CIRP moratorium period, arbitration invocation and arbitrator-appointment proceedings remain timely if filed within the adjusted limitation period. en-us Thu, 08 Oct 2026 00:00:00 +0530 Sat, 10 Oct 2026 08:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800702 Approval of a resolution plan under the IBC extinguishes pre-CIRP claims against the corporate debtor and successful resolution applicant, including claims omitted from the plan, while claims owed to the corporate debtor survive for pursuit by the successful resolution applicant. The arbitration agreement remains separable from the underlying contract and may continue despite termination and plan approval. Where reciprocal claims arise under the same contract, an extinguished operational creditor claim may exceptionally operate only as a defensive set-off against sums payable, not as an affirmative monetary counterclaim. Excluding the CIRP moratorium period, arbitration invocation and arbitrator-appointment proceedings remain timely if filed within the adjusted limitation period. Case-Laws IBC Thu, 08 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800702