Claim as Financial creditor post approval of resolution plan cannot be entertained

Moneywise Financial Services Pvt. Ltd. Vs Arunava Sikdar (NCLAT Delhi)

NCLAT Delhi held that claim as a financial creditor of the Corporate Debtor filed after delay of 388 days cannot be entertained post-approval of the Resolution Plan by the CoC with 90.66% majority. Accordingly, appeal dismissed.

Facts- The present appeal has been preferred by Moneywise Financial Services Private Limited under Section 61 of the Insolvency and Bankruptcy Code, 2016, being aggrieved by the Impugned Order dated 05.12.2023 passed by the National Company Law Tribunal (Adjudicat

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