SRA could not be saddled with any claim that was not part of Resolution Plan: NCLAT Dismisses Appeal of EPFO

The National Company Law Appellate Tribunal (NCLAT) dismissed EPFO’s appeal, holding that the successful resolution applicant (SRA) cannot be saddled with claims that were not disclosed or included in the resolution plan. The tribunal emphasised that liability under the Insolvency & Bankruptcy Code is guided strictly by accepted terms of the plan, ensuring finality and protecting SRAs from unforeseen claims. The order reinforces the binding nature of resolution plans and offers clarity on claim adjudication under IBC. (Word count: ~100)