High Court Approves Resolution Plan Under IBC Section 31(1), Settling and Extinguishing All Claims Against the Entity.

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....Approval of Resolution plan - Abatement, extinguishment, discharge and settlement of claims raised by original respondents - Section 31(1) of IBC - the liability raised by the impugned notices which are subject matter of present writ-application stands extinguished so far as ESIL is concerned. - HC....