IBC | Once Resolution Plan Approved, Dues Not Part Of It Get Extinguished : Supreme Court Rejects Post-Resolution Income Tax Demand

The Supreme Court has ruled that once a resolution plan is approved, dues not part of it get extinguished, rejecting a post-resolution income tax demand. This decision clarifies the finality of approved resolution plans under the IBC. The court's ruling emphasizes the importance of adhering to statutory provisions. This judgment provides clarity on IBC procedures. The ruling underscores the need for legal compliance.