NCLAT Upholds rejection of Homebuyer claim filed 4 days before CoC Vote on Resolution Plan

Suman Chopra Vs Arvind Kumar (NCLAT Delhi) The appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 against an order of the Adjudicating Authority dismissing an application for admission of a delayed claim filed by a homebuyer. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on 27.02.2023, and a public announcement inviting claims was issued on 07.07.2023. The Appellant submitted its claim on 15.03.2024, which was significantly delayed by 245 days from the date of public announcement and only four days prior to the Committee of...