https://www.taxtmi.com/article/detailed?id=12348 Section 3(6) defines claim broadly. The IRP publishes a public announcement, collates and verifies claims and the Committee of Creditors is formed from those claims. Regulatory amendment permits late claims with credible reasons, but claims not filed before approval of the resolution plan fall outside the CIRP admission process and are treated as extinguished for insolvency purposes. Creditors discovering the plan after approval may present claims directly to the Successful Resolution Applicant for its consideration, as there is no procedural route to admit fresh CIRP claims post-approval. en-us Thu, 22 Feb 2024 08:23:00 +0530 Thu, 22 Feb 2024 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12348 Section 3(6) defines claim broadly. The IRP publishes a public announcement, collates and verifies claims and the Committee of Creditors is formed from those claims. Regulatory amendment permits late claims with credible reasons, but claims not filed before approval of the resolution plan fall outside the CIRP admission process and are treated as extinguished for insolvency purposes. Creditors discovering the plan after approval may present claims directly to the Successful Resolution Applicant for its consideration, as there is no procedural route to admit fresh CIRP claims post-approval. Articles Corporate Laws / IBC / SEBI Thu, 22 Feb 2024 08:23:00 +0530 https://www.taxtmi.com/article/detailed?id=12348