Advocate Sushila
SUPREME COURT HOLDS THAT CLAIMS NOT FORMING PART OF APPROVED RESOLUTION PLAN ARE EXTINGUISHED
Advocate Sushila Ram 16 Apr 2021

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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