Claims filed after approval of resolution plan cannot be allowed: NCLT Bengaluru

Employee’s provident Fund Organisation Vs CA Shirley Mathew (NCLT Bengaluru) NCLT Bengaluru held that claims filed at a belated stage after approval of resolution plan by the Committee of Creditors (CoC) cannot be allowed. Thus, resolution professional rightly rejected such belated claims. Facts- The instant Application is filed by Employee’s provident Fund Organisation (‘Applicant’), on 13.12.2023 u/s. 60(5) of the Insolvency and Bankruptcy Code, 2016 inter alia seeking to condone the delay of 370 days i.e., from 06.07.2022 to 10.07.2023 in filing of claims of Provident Fund dues of t...