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SUPREME COURT HOLDS THAT CLAIMS NOT FORMING PART OF APPROVED RESOLUTION PLAN ARE EXTINGUISHED

Recently, the Hon’ble #SupremeCourt of India in the case of Ghanshyam Mishra and Sons Pvt. Ltd. v. Edelweiss Asset Reconstruction Company Limited, (Civil Appeal No.8129/2019), vide its Judgment dated 13.04.2021 held that any #creditor including Central/State #Government or any local authority is bound by #ResolutionPlan as approved by Adjudicating Authority under Section 31(1) of the Insolvency and Bankruptcy Code, 2016 (“#IBC, 2016”).


To read more, please visit the link below:


https://theindianlawyer.in/supreme-court-holds-that-claims-not-forming-part-of-approved-resolution-plan-are-extinguished/


#supremecourt #claims #creditors #resolutionplan #ibc

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