Ruchi Soya (Patanjali) – Claim Not Included In Approved Resolution Plan Stand Extinguished : Karnataka High Court

The Karnataka High Court ruled that claims of Ruchi Soya and Patanjali not included in an approved resolution plan under the IBC are considered extinguished. The court emphasized that once a resolution plan is approved by the creditors and the National Company Law Tribunal (NCLT), any claims not mentioned therein stand nullified. This judgment reinforces the finality of resolution plans and provides clarity on the extinguishment of unaddressed claims in insolvency proceedings.