Post approval of resolution plan by CoC, no new claims should be entertained: NCLT Mumbai

Jai Kumar Rai Vs Arun Kapoor (NCLT Mumbai)

The case centers around an application filed by Jai Kumar Rai and another applicant seeking to condone the delay in filing their claim and to admit their claim of ₹98,83,932, against M/s Monarch Brookefields LLP, which is undergoing Corporate Insolvency Resolution Process (CIRP). The primary contention is whether their delayed claim should be considered despite the resolution plan being approved by the Committee of Creditors (CoC).

Facts of the Case:

1. Property Purchase and Payment: The applicants purchased Flat No. 101 in Navi Mumbai for ₹40,00,000 through a registered sale agreement dated July 24, 2013, and availed a mortgage loan from HDFC Ltd. They paid the full consideration amount.

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