Belated insolvency claim rejected after resolution plan approval, with no basis to direct admission into CIRP.

A claim filed after the last date for submission of claims and after approval of the resolution plan could not be admitted in the corporate insolvency resolution process. The Resolution Professional was justified in refusing a belated claim lodged at that stage, and the rejection of the application was upheld.

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Issues: Whether a claim lodged after the Committee of Creditors had approved the resolution plan could be directed to be admitted in the corporate insolvency resolution process.

Analysis: The claim was filed after the last date for submission of claims and after the resolution plan had already been approved by the Committee of Creditors. In that situation, the Resolution Professional was justified in refusing admission of the belated claim, and no error was found in the order rejecting the application.

Conclusion: The belated claim was not admissible after approval of the resolution plan, and the rejection of the application was upheld.

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