Clean Slate Theory - Insolvency Laws of India

Hi Everyone! I am a practicing advocate based out of India, having my specialisation in Securities Insolvency and Recovery Laws. I am one of the founding partners of Alagh & Kapoor Law Offices, a boutique law firm, based out of Delhi in India.
So, for my first Legal Vlog, the topic that I will be speaking about is Clean Slate Theory, under the Insolvency Laws of India. The reason I have chosen this topic is because it is affecting masses, including all corporate and most of the general public is unaware about the same.
Clean Slate Theory
“Once a resolution plan is duly approved by the Adjudicating Authority under sub­ section (1) of Section 31, the claims as provided in the resolution plan shall stand frozen and will be binding on the Corporate Debtor and its employees, members, creditors, including the Central Government, any State Government or any local authority, guarantors and other stakeholders. On the date of approval of resolution plan by the Adjudicating Authority, all such claims, which are not a part of resolution plan, shall stand extinguished and no person will be entitled to initiate or continue any proceedings in respect to a claim, which is not part of the resolution plan” - Ghanshyam Mishra & Sons Private Limited v. Edelweiss Asset reconstruction company limited through the Director & ors
Please feel free to express yourselves in comments and let me know what kind of content you guys want. I can continue with vlogs on insolvency and recovery laws, because that my forte., I can cover any other filed of laws like white collar crimes, arbitration laws, I can pick up some judgements if you guys want. Also am completely open for constructive criticism.
Sonal Alagh
Partner
Alagh & Kapoor Law Offices
[phone]
A-12, LGF,
Jangpura Extensions
New Delhi - 110014
(PS: This is my first vlog ever, so please excuse the quality of video and the number of times I have said “So guys”, will take care it for future Vlogs)
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1.Ghanshyam Mishra & Sons Private Limited v. Edelweiss Asset reconstruction company limited through the Director & ors
main.sci.gov.in/supremecourt/...
2.Twenty-First Century Wire Roads Ltd
ibbi.gov.in/webadmin/pdf/order...
3.Edelweiss Asset Reconstruction Co. Pvt. Ltd. v. Adel Landmarks Lt
www.adellandmarks.com/docs/Ed...
4.State Bank of India v. ARGL Ltd
ibbi.gov.in/webadmin/pdf/orde...
5.Insolvency and Bankruptcy Board of India
ibbi.gov.in
6.ACE Law LLP Barristers and Solicitors
ace-law.ca
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[@meghasolanki246]

This is very helpful. The explanation is simple and provides clear inslight into the insolvency laws.

[@vishalmali6335]

Keep it up !!

[@ShireenKapoor]

Excellent content, fluid explanation and a zealous lawyer! Wish you luck for your future vlogs.keep them coming!

[@visarjanahlawat4551]

Very nice

[@Unleashing_confidence]

Nailed it❤️

[@ShivanshAlagh]

Kuch samajh nhi aaya but sunke acha laga😄

[@vartikasingh579]

I said it TBH