IBC | Supreme Court Accepts Apology Of Tax Authorities For Asking Successful Resolution Applicant To Pay Dues Not Covered By Approved Plan

The Supreme Court disposed of a contempt case related to the Ghanshyam Mishra ruling, concerning tax authorities' claims after a resolution plan became final. The court's action indicates that the contempt proceedings have been resolved. This decision clarifies the finality of resolution plans under the Insolvency and Bankruptcy Code (IBC). The ruling reinforces the binding nature of approved resolution plans.