Resolution plan once approved cannot be changed post arbitration proceedings

Yes Bank Limited Vs Katerra India Private Limited (NCLT Bengaluru) NCLT Bengaluru held that once the Resolution Plan is approved, no claim that is not a part of the Resolution Plan can exist or continue. Thus, changes in the resolution plan post adjudication of arbitration proceedings not tenable. Facts- In February 2019, Vikas Telecom Private Limited (Developer/VTPL) appointed Synergy Property Development Services Pvt. Ltd. (Synergy) as the Project Management Consultant. The Developer also awarded the contract for the Design and build package works of the Project to Katerra India Pvt Ltd as t...