Successful Resolution Applicant cannot be forced to deal with claim that resolution plan

Advertisement Kalyani Transco Vs Bhushan Power And Steel Limited And Others (Supreme Court of India) Supreme Court held that the Successful Resolution Applicant [SRA] cannot be forced to deal with claims that are not a part of the Request for Resolution Plan [RfRP] issued in terms of Section 25 of the IBC or a part of its Resolution Plan. Facts- This batch of six appeals are filed under Section 62 of the Insolvency and Bankruptcy Code, 2016 by erstwhile promoters and various Operational Creditors of the Corporate Debtor against the common final impugned judgment and order dated 17th Februar...