Extinguishment of Sub-Judice Operational Creditor Claims After Resolution Plan Approval: Tata Steel v. Varsha
One of the recurring questions under the Insolvency and Bankruptcy Code, 2016 (IBC) concerns the fate of pending civil suits and arbitral proceedings once a resolution plan receives judicial approval. Can an operational creditor whose pre-CIRP claim remains sub judice and is admitted only at a notional value of ₹1 continue pursuing litigation after approval of the resolution plan? In […]
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