After approval of insolvency resolution plan no demand can be raised for the period prior to specified date

ICICI Bank Limited Vs Stone India Limited (NCLT Kolkata)

NCLT perused the reliefs, waivers and concessions as sought and as given in Section XIII at Pages 64-71 and Section XVI at Pages 76-83 of the Resolution Plan. While some of the reliefs, waivers and concessions sought by the Resolution Applicant come within the purview of the Code while many others fall under the power and jurisdiction of different government authorities/departments. This Adjudicating Authority has power to grant reliefs, waivers and concessions only wi

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