&K : Stalling Registration of Sale Deed over Pending Clarification from Higher Auth. Not Acceptable || GujHC : Without Proving Acc. Holder’s Hand in Criminal Case Freezing Acc against Fundamental Right || Mad HC :Waqf Board Can’t Take Control over Every Grave of Dargah Automatically || Del HC : Remove Posts Calling Sitting Judge “Murderer” || Mad HC :Waqf Board Can’t Take Control over Every Grave of Dargah Automatically || Supreme Court: Seeks CBSE Reply on Gulf Students’ Plea || Bombay HC: Anticipatory Bail Rejected in Film Role Rape || Delhi HC: Fresh Bar Council Polls Denied Over Allegations || Delhi HC: Seeks Responses on CBSE OSM Evaluation Dispute || Kerala HC: Persons With Down Syndrome Get Protection and Guardianship under National Trust Act, 1999

Bombay HC: No Statutory Authority Can Raise Fresh Claim After Resolution Plan Approved - (24 Jan 2022)

INSOLVENCY

Bombay High Court has ruled that no statutory authority, including the Income Tax authorities, can raise a fresh claim against a Corporate Debtor after the Resolution Plan was finalized and approved, observing that entertaining undecided claims after the Resolution Plan was submitted, would lead to uncertainty about the amount payable by the prospective Resolution Applicant who would've successfully taken over the business of the Corporate Debtor.

Tags : BOMBAY HIGH COURT FRESH CLAIM AFTER RESOLUTION PLAN APPROVED

Share :