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IBC - Highlights / Catch Notes

Home Highlights January 2022 Year 2022 This

Rejection of claim made by the Respondent/RP - Even though ...


Applicant's Claim Dismissed Due to Delay; Filed After CoC Approved Resolution Plan During CIRP.

January 3, 2022

Case Laws     Insolvency and Bankruptcy     Tri

Rejection of claim made by the Respondent/RP - Even though liberty was granted for the Applicant to file a fresh Application, the Applicant has been keeping silent and sleeping over a period of one year and only at the fag end of CIRP when the Resolution Plan in respect of the Corporate Debtor is in the offing and after the same was approved by the CoC, the Applicant has preferred the present Application, which in any case, is devoid of any merits. - Tri

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