Statutory dues cannot be claimed if not exists in company’s approved RP for DHFL

Piramal Capital & Housing Finance Ltd. Vs The Administrator, Dewan Housing Finance Corporation Ltd. (NCLAT Delhi) Conclusion:  All the dues including the statutory dues owed to the Central Government, any State Government or any local authority, if not part of the Company’s approved resolution plan, shall stand extinguished and no proceedings in respect of such dues for the period prior to the date the Adjudicating Authority was granting its approval under Section 31 could be continued. Held: Assesssee-company filed the appeal against part of direction in impugned order dated 7th June,...