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Ghanashyam Mishra And Sons Private ... vs Edelweiss Asset Reconstruction ... on 13 April, 2021

32. Hence, in the present case, as per the scheme of the IBC, as interpreted in the light of the judgments cited by the petitioners, including Essar Steel (supra), Ghanshyam Mishra (supra), Sri Vasavi (supra), etc., all pre-CIRP debts (in other words, "dues") are extinguished once and for all by approval of the Resolution Plan, so that hydra heads of new debts do not confront the successor of the consumer-company even after the approval of the Resolution Plan by the NCLT.
Supreme Court of India Cites 110 - Cited by 360 - B R Gavai - Full Document

Committee Of Creditors Of Essar Steel ... vs Satish Kumar Gupta on 15 November, 2019

32. Hence, in the present case, as per the scheme of the IBC, as interpreted in the light of the judgments cited by the petitioners, including Essar Steel (supra), Ghanshyam Mishra (supra), Sri Vasavi (supra), etc., all pre-CIRP debts (in other words, "dues") are extinguished once and for all by approval of the Resolution Plan, so that hydra heads of new debts do not confront the successor of the consumer-company even after the approval of the Resolution Plan by the NCLT.
Supreme Court of India Cites 61 - Cited by 238 - R F Nariman - Full Document
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