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

Please become a Premium member. If you are already a Premium member, login here to access the full content.