Pre-CIRP Claims Cannot Be Reopened After Approved Resolution Plan: NCLAT Delhi

Trinity Auto Components Limited Vs Axis Bank Limited (NCLAT Delhi) The appeal before the National Company Law Appellate Tribunal (NCLAT) was filed by Trinity Auto Components Limited under Section 60(5) read with Section 31(1) of the Insolvency and Bankruptcy Code (IBC), 2016, challenging the order dated 26.06.2024 of the National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT had partly allowed the company’s application (IA No. 2585 of 2019), leading to the present appeal. The appellant company was engaged in manufacturing forged parts for engines and chassis of heavy commercial vehicle...