Entertaining claims for period before obtaining approval of resolution plan is unjustified

Sree Metaliks Limited Vs Additional Director General And Ors (Delhi High Court) Delhi High Court held that as per law laid down by the Supreme Court in Ghanashyam Mishra, all dues including statutory dues shall stand extinguished and no proceedings in respect of dues for period prior to date on which approval to resolution plan is granted could be continued. Facts- The short issue which arises for consideration in the writ petition concerns the sustainability of the show-cause notice, issued by the Additional Director General (ADG), Directorate of Revenue Intelligence (DRI). The petitioner i.e...