No claim could be entertained by Resolution Professional arising after commencement of CIRP

Gujarat Urja Vikas Nigam Limited Vs Udayraj Patwardhan (NCLAT Delhi) Conclusion: Resolution Professional cannot entertain any claims arising after the commencement of the Corporate Insolvency Resolution Process ( CIRP ) as it was a clear law that Resolution Professional could only entertain claims due and filed w.r.t. CIRP commencement date and not due to subsequent event, for which claimant might have other legal remedy. Held: Appellant-company was a wholly owned Government of Gujarat Undertaking, engaged in bulk purchase and sale of power on behalf of state-owned distribution licensees in ...