https://www.taxtmi.com/caselaws?id=447904 The NCLAT dismissed appeals challenging rejection of claims by Resolution Professional. The CoC approved the Resolution Plan on 13.08.2021, but appellants filed applications seeking claim admission in February 2023, over 1.5 years later. The Adjudicating Authority correctly rejected the delayed applications without sufficient justification. The Resolution Plan was subsequently approved by the Adjudicating Authority on 23.06.2023 and remained unchallenged. The NCLAT found no grounds to interfere with the rejection order, emphasizing that approval of the Resolution Plan by CoC does not entitle parties to file significantly delayed claim applications. en-us Wed, 03 Jan 2024 00:00:00 +0530 Mon, 08 Jan 2024 09:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447904 The NCLAT dismissed appeals challenging rejection of claims by Resolution Professional. The CoC approved the Resolution Plan on 13.08.2021, but appellants filed applications seeking claim admission in February 2023, over 1.5 years later. The Adjudicating Authority correctly rejected the delayed applications without sufficient justification. The Resolution Plan was subsequently approved by the Adjudicating Authority on 23.06.2023 and remained unchallenged. The NCLAT found no grounds to interfere with the rejection order, emphasizing that approval of the Resolution Plan by CoC does not entitle parties to file significantly delayed claim applications. Case-Laws Insolvency and Bankruptcy Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447904