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NCLT-approved Resolution Plan extinguishes past dues, bars reassessment.

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....Company insolvent. NCLT approved Resolution Plan vide order 20.06.2022, upheld by NCLAT dismissing respondent-Authority's appeal on 21.05.2024. Per Ghanashyam Mishra [2021 (4) TMI 613 - SC], once NCLT approves Resolution Plan, all past dues extinguished, respondent-Authority cannot reopen assessment. NCLAT's dismissal order merged with NCLT's approval order, achieving finality u/s 62, IBC. Impugned notice u/s 148 quashed, untenable.....

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