Ghanashyam Mishra And Sons Private ... vs Edelweiss Asset Reconstruction ...

The Supreme Court addressed the binding nature of a Resolution Plan approved by an adjudicating authority under the Insolvency and Bankruptcy Code. The court ruled that once a Resolution Plan is approved, all creditors, including government entities, are bound by its terms, thereby reinforcing the sanctity of the resolution process. This decision clarifies the legal standing of creditors in insolvency proceedings and emphasizes the finality of approved plans.