https://www.taxtmi.com/caselaws?id=802488 Approval of an insolvency resolution plan freezes creditors' liabilities under the plan and extinguishes claims not included in it. The approved plan has overriding effect over other statutory enactments. An income-tax assessment completed after approval was liable to be quashed despite prior permission to continue assessment proceedings, where the tax department had notice of the insolvency proceedings and was included as an operational creditor. en-us Mon, 19 Oct 2026 00:00:00 +0530 Fri, 06 Nov 2026 08:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802488 Approval of an insolvency resolution plan freezes creditors' liabilities under the plan and extinguishes claims not included in it. The approved plan has overriding effect over other statutory enactments. An income-tax assessment completed after approval was liable to be quashed despite prior permission to continue assessment proceedings, where the tax department had notice of the insolvency proceedings and was included as an operational creditor. Case-Laws Income Tax Mon, 19 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802488