NCLAT Denies Kotak Mahindra’s Late Claim Post approval of Resolution Plan

Kotak Mahindra Bank Ltd. Vs Sandeep Goel RP (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT) in Delhi has recently made a notable judgment in the case of Kotak Mahindra Bank Ltd. Vs. Sandeep Goel RP, which has significant implications for financial institutions and the insolvency resolution process in India. The case revolved around the rejection of a financial claim by Kotak Mahindra Bank (the Appellant), which was filed 738 days after the deadline and subsequent to the approval of a resolution plan. This article delves into the details of the NCLAT judgment, its basis, and i...