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![Benefit under BIFR Scheme cannot be Claimed after Approval of Resolution Plan under IBC: NCLAT rules in favour of Axis Bank Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102454-benefit-bifr-scheme-approval-of-resolution-plan-under-ibc-nclat-axis-bank-ltd-taxscan.webp "Benefit under BIFR Scheme cannot be Claimed after Approval of Resolution Plan under IBC: NCLAT rules in favour of Axis Bank Ltd [Read Order]")
Benefit under BIFR Scheme cannot be Claimed after Approval of Resolution Plan under IBC: NCLAT rules in favour of Axis Bank Ltd [Read Order]
In a ruling which favours Axis Bank Ltd, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that benefit under the...