The High Court held that economic offences cannot be quashed at the threshold unless the case falls within the rarest of rare categories.

Once a Resolution Plan is approved by the Adjudicating Authority under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, no one can start or continue proceedings for claims not included in the plan.

The Supreme Court issued notice and stayed TDS demand notices against SBI in the foreign LTC reimbursement case after Karnataka HC upheld liability.