Reopening of approved resolution plan for belated claim not justifiable

Krishan Vs H.S. Oberoi Buildtech Private Limited (NCLAT Delhi) NCLAT Delhi held that post approval of resolution plan both by CoC and the adjudicating authority, it cannot be reopened on the basis of claims being belatedly agitated by the appellant. Thus, admission of claim rightly rejected by adjudicating authority. Facts-The Appellant is a home-buyer in a project named “Earth Iconic” which was being developed by Earth Infrastructure Ltd. The Appellant had received an allotment letter from EIL on 31.06.2012 and had paid a sum of Rs 15,15,450/- to EIL on instalment basis against basic sale...