indicate that once a Resolution Plan has been approved by the Adjudicating Authority as per the provisions of the IBC, any claim that was not part of such Resolution Plan, would stand extinguished and cannot be enforced at a later stage. The rationale behind the “Clean Slate Theory”, as propounded by the Supreme Court, is to ensure that the resolution applicant gets a fresh start, free from any prior liabilities of the debtor. It also puts an end to further litigation by closing the doors for any future claims by the creditors. 10. The Court, thus, taking note of the impugned demand/ payment notices issued by the Respondents, observes that the claims therein had arisen prior to 25.07.2017, i.e., before the initiation of the CIRP. The claim sought to be recovered by way of the Demand Notice dated 30.09.2019, issued by Respondent No. 4, dates back to the year 2009-10. Similarly, the Demand Notice dated 18.11.2015, issued by Respondent No. 5, relates to a claim dating back to the year 2009-10, and May 2010 to January 2015. 11. Therefore, keeping in view the facts and circumstances in the instant petition, the Court finds that the “Clean Slate Theory” squarely applies to the case at hand.
