https://www.taxtmi.com/caselaws?id=414691 The appeal filed under Section 61 of the Insolvency and Bankruptcy Code against the Impugned Order was dismissed at the admission stage. The Appellant, a financial creditor, had its claim not considered by the resolution professional due to a delay in filing the claim post-approval of the Resolution Plan. The Adjudicating Authority emphasized the importance of timely claims and the finality of Resolution Plan approvals, in line with Supreme Court precedents. The decision highlighted that once a Resolution Plan is implemented, new or pending claims cannot be entertained, leading to the dismissal of the appeal without costs. en-us Wed, 10 Nov 2021 00:00:00 +0530 Fri, 26 Nov 2021 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414691 The appeal filed under Section 61 of the Insolvency and Bankruptcy Code against the Impugned Order was dismissed at the admission stage. The Appellant, a financial creditor, had its claim not considered by the resolution professional due to a delay in filing the claim post-approval of the Resolution Plan. The Adjudicating Authority emphasized the importance of timely claims and the finality of Resolution Plan approvals, in line with Supreme Court precedents. The decision highlighted that once a Resolution Plan is implemented, new or pending claims cannot be entertained, leading to the dismissal of the appeal without costs. Case-Laws Insolvency and Bankruptcy Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414691