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Delayed CIRP Claims Rejected After CoC Approval for Lack of Vigilance: NCLT Mumbai
Case Law Details
- Case Name
- Alka Ramanlal Gandhi Vs Atul Tansukhlal Mehta (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Alka Ramanlal Gandhi Vs Atul Tansukhlal Mehta (NCLT Mumbai)
The NCLT Mumbai considered five interlocutory applications filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to the Resolution Professional (RP) of the Corporate Debtor to condone delays ranging from 520 to 618 days in filing claims and to admit those claims. The applicants comprised four homebuyers (allottees) and one operational creditor.
The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on 06.06.2023. A public announcement in Form A was...
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