Once NCLT Approves Resolution Plan, All Dues Including Central Govt’s Stand Extinguished: Supreme Court

The Supreme Court has ruled that once NCLT approves a resolution plan, all dues, including the central government's, stand extinguished. This decision clarifies the finality of approved resolution plans under the IBC. The ruling emphasizes the importance of adhering to statutory provisions. This judgment provides clarity on IBC procedures. The ruling underscores the need for legal compliance.