2026 (2) TMI 292

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....nt : Shri Sheerabdhinath, Advocate For the Respondent : Shri Sanjay Kakkar, Authorized Representative ORDER PER BENCH: Ld. Advocate Shri Sheerabdhinath submitted that the appellant had approached NCLT for liquidation and NCLT after satisfying itself, approved the Resolution Plan and therefore demands raised in the impugned order cannot survive as the appeal itself is to be treated as '....

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....by the Hon'ble Apex Court in Ghanashyam Mishra and Sons Pvt. Ltd. Vs Edelweiss Asset Reconstruction Company Ltd. & Ors. (Civil Appeal No.8129 of 2019) vide judgement dated 13.04.2021 reported in 2021 (4) TMI 613 - SUPREME COURT which decision has been followed by various CESTAT Benches across India. Ld. Advocate Shri Sheerabdhinath would place reliance on a latest decision of the Hon'ble High Cour....

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....s employees, members, creditors, including the Central Government, and State Government or any local authority, guarantors and other stakeholders. On the date of approval of resolution plan by the Adjudicating Authority, all such claims, which are not part of resolution plan, shall stand extinguished and no person will be entitled to initiate or continue any proceedings in respect to a claim, whic....