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Informative

Legal Action not initiatable over any claims that are not included in resolution plan: Bombay HC

Update / Judgement Date

01 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

The Bombay High Court has ruled that legal action is not initiable over any claims that are not included in the resolution plan. This ruling clarifies the implications of approved resolution plans under the IBC. It emphasizes the importance of adhering to the IBC. The court's decision promotes the insolvency resolution process.