https://www.taxtmi.com/caselaws?id=423267 The Adjudicating Authority rejected the belated claims filed by the Appellant(s) after the approval of the Resolution Plan by the CoC, citing legal precedents. The Tribunal clarified that claims do not extinguish upon CoC approval but only after Adjudicating Authority approval. It emphasized the obligation of the Resolution Professional to include Homebuyers' details in the Information Memorandum and directed the Resolution Applicant to prepare an addendum to the Resolution Plan considering Homebuyers' claims. The Tribunal provided specific directions for addressing Homebuyers' claims in the Resolution Plan, ensuring their inclusion in the resolution process. en-us Wed, 01 Jun 2022 00:00:00 +0530 Fri, 03 Jun 2022 08:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423267 The Adjudicating Authority rejected the belated claims filed by the Appellant(s) after the approval of the Resolution Plan by the CoC, citing legal precedents. The Tribunal clarified that claims do not extinguish upon CoC approval but only after Adjudicating Authority approval. It emphasized the obligation of the Resolution Professional to include Homebuyers' details in the Information Memorandum and directed the Resolution Applicant to prepare an addendum to the Resolution Plan considering Homebuyers' claims. The Tribunal provided specific directions for addressing Homebuyers' claims in the Resolution Plan, ensuring their inclusion in the resolution process. Case-Laws Insolvency and Bankruptcy Wed, 01 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423267