Case Law Analysis
|National Company Law Appellate Tribunal
IBC Section 31 | Secured Operational Creditor Claims Cannot Override Finalized Resolution Plan Payouts: NCLAT
The NCLAT has ruled that once a resolution plan is approved under Section 31 of the IBC, even secured operational creditors like GNIDA cannot resurrect or override settled payout terms through post-approval claims. This reinforces the finality of approved plans and prevents fragmentation of creditor recoveries, ensuring predictability for resolution applicants and financial stakeholders.