NCLAT Rejects Late Claim, Upholds Approved Resolution Plan Terms.

NCLAT dismissed the appeal. Appellant's claim regarding apartment was filed late on 07.02.2020, not on 11.01.2019 as alleged. As per approved resolution plan, late claims like appellant's are entitled to only 50% of principal amount, not possession or conveyance deed. Appellant's request for possession and conveyance deed was denied. .....

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