Claims Of GST Department Are Barred Once Resolution Plan Is Approved: Allahabad High Court

Allahabad High Court held that claims of the GST department are barred once a resolution plan is approved by the NCLT (National Company Law Tribunal) under the Insolvency and Bankruptcy Code. This reiterates the principle that an approved resolution plan under the IBC is binding on all stakeholders, including tax authorities. Any GST demands or claims that were not part of the resolution plan stand extinguished after its approval, facilitating a fresh start for the corporate debtor.