Resolution professional justified in not admitting belated contingent claim

CSA Corporation Pvt. Ltd Vs Rajiv Bhatnagar (NCLAT Delhi) NCLAT Delhi held that belated filing of contingent claims (i.e. claims arising from damages and breach of contract) is rightly rejected by the resolution professional. Accordingly, appeal dismissed. Facts- The present appeal filed under Section 61 of Insolvency and Bankruptcy Code 2016 by the Appellant arises out of the Order dated 30.05.2024 passed by the Adjudicating Authority. By the impugned order, the Adjudicating Authority has dismissed the appeal filed by the Appellant-M/s CSA Corporation Pvt. Ltd. against the Resolution Professi...