NCLAT dismissed the appeal. Appellant's claim regarding ...

NCLAT Rejects Late Claim, Upholds Approved Resolution Plan Terms.

January 21, 2025

Case Laws IBC AT

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.

View Source

← Previous Next →

NCLAT dismissed the appeal. Appellant's claim regarding ...

NCLAT Rejects Late Claim, Upholds Approved Resolution Plan Terms.

January 21, 2025

Case Laws IBC AT

You may also like:

The High Court held that the Execution Application filed by the Applicant against the Respondent does not survive due to the approved Resolution Plan under the...

The NCLAT rejected the intervention application filed by the Appellant for approval of the Resolution Plan u/s 30 of the I&B Code. The Appellant was an unsuccessful...

Claim of appellant rejected on the ground that Resolution Plan has been approved by the CoC - right to claim consideration of claim again in third round - NOIDA’s status...

Filing of new claim after Resolution Plan is approved - The NCLAT rejected the appeal by holding that, No claim having been filed till the approval of the Resolution...

The NCLAT dismissed the appeal filed by the Appellant challenging the approval of the resolution plan for the Corporate Debtor. The key points are: The Interim...

The Appellate Tribunal dismissed the appeal and upheld the rejection of the Appellant's claim by the Resolution Professional (RP) due to delay. The Committee of...

The NCLAT upheld the challenge process and negotiation process conducted by the Resolution Professional (RP) as per CIRP Regulations and Process Note. It held SRA...

The NCLAT upheld the Adjudicating Authority's order approving the Resolution Plan, which was approved by the CoC with 70.07% voting share. The Appellant, a dissenting...

The NCLAT dismissed the appeal challenging the order approving the Resolution Plan. The appellant's claim was not admitted by the Resolution Professional, who published...

Company insolvent. NCLT approved Resolution Plan vide order 20.06.2022, upheld by NCLAT dismissing respondent-Authority's appeal on 21.05.2024. Per Ghanashyam Mishra...

Resolution plan approved by Committee of Creditors (CoC) with 97.54% vote share. Commercial wisdom of CoC in approving resolution plan not to be lightly interfered with....

The NCLAT upheld the order of the Adjudicating Authority directing valuation of intangible assets and rejecting the appellant's revised resolution plan. The appellant's...

The appeal contested the adjudicating authority's treatment of certain liabilities as operational debt payable under the approved resolution plan. It involved...

The appellant's claim for Rs. 9.21 crores, arising from the termination of an agreement due to non-renewal of a performance bank guarantee, was not considered by the...

Once the resolution plan is approved under the Insolvency and Bankruptcy Code, any outstanding claims, including those under the Gujarat Value Added Tax Act for...

Quick Updates: