Undecided claims filed after resolution plan accepted by CoC untenable

RPS Infrastructure Ltd. Vs Mukul Kumar & Anr. (Supreme Court of India)

Supreme Court held that a successful resolution applicant cannot be faced with undecided claims after the resolution plan has been accepted. Accordingly, claim filed after resolution plan accepted by CoC untenable.

Facts- An agreement was entered into on 02.08.2006 between the appellant and M/s KST Infrastructure Private Limited (hereinafter referred to as ‘the Corporate Debt

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