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2021 (8) TMI 390 - Tri - Insolvency and BankruptcySeeking extinguishment of all the disputed and undisputed claims against the Applicant relating to the period prior to the effective date i.e. 20th September 2018 in terms of the approved Resolution Plan - HELD THAT:- Considering the papers/documents made available before this Bench and the observations made and the Judgment of the Hon'ble Supreme Court in the cases of "the Committee of Creditors of Essar Steels India Ltd. Vs. Satish Kumar Gupta and others [2019 (11) TMI 731 - SUPREME COURT] and "Ghanashyam Mishra and Sons Private Limited through the Authorised Signatory Vs. Edelweiss Asset Reconstruction Company Limited [2021 (4) TMI 613 - SUPREME COURT], the prayer made in the present IA No. 17 of 2021 is accepted that the demand of the Respondents for ₹ 13,74,80,376.00 stands extinguished as the Law is settled that once the Resolution Plan approved by the Adjudicating Authority becomes binding on all stakeholders and all claims not dealt stand extinguished. The prayer made by the Petitioner for refund of ₹ 4,23,15,716.00 along with interest to them for the period AY 1982-83 to 1992-1993 is hereby rejected - Application disposed off.
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