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Insolvency and BankruptcyMarch 9, 2021Case LawsTri
Revision of claim towards salary after the approval of resolution plan - The Applicant had very conveniently decided to sleep over his right from the order dated 14.12.2020. It is only at this ripe stage when the CoC has already approved the Resolution Plan that the Applicant suddenly decided to make his claim again. Hence there is no error in not considering the claim of applicant submitted after the time allowed, that too after the CoC meeting. - Tri
Revision of claim towards salary after the approval of resolution plan - The Applicant had very conveniently decided to sleep over his right from the order dated 14.12.2020. It is only at this ripe stage when the CoC has already approved the Resolution Plan that the Applicant suddenly decided to make his claim again. Hence there is no error in not considering the claim of applicant submitted after the time allowed, that too after the CoC meeting. - Tri
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