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NCLAT Rejects Late Claim Post-Resolution Plan Approval
Case Law Details
- Case Name
- Department of State Tax Vs Dar Media Pvt. Ltd. & Anr. (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Department of State Tax Vs Dar Media Pvt. Ltd. & Anr. (NCLAT Delhi)
Introduction: In a pivotal judgment, the National Company Law Appellate Tribunal (NCLAT) in Delhi dismissed an appeal by the Department of State Tax against Dar Media Pvt. Ltd. & Anr., setting a precedent on the timeliness of claim submissions in the Corporate Insolvency Resolution Process (CIRP). The crux of the matter revolved around the Department of State Tax’s attempt to submit a claim after the Committee of Creditors (CoC) had already approved the resolution plan, a move deemed out of bound...
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