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Once resolution has been approved in respect of corporate debtor it becomes binding on all creditors including Govt.

January 25, 2021[2021] 123 198 (SAT)

IBC : Where resolution plan in respect of appellant-corporate debtor had been approved, it became binding on all creditors including government and local authorities including SEBI and, therefore, show cause notice or penalty order could not be issued by SEBI against corporate debtor for failure to make disclosure under SEBI (LODR) Regulations

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