https://www.taxtmi.com/caselaws?id=760130 A tax claim filed after the CIRP claim deadline and beyond the extended regulatory period cannot be introduced after approval of the resolution plan, because doing so would disturb the settled resolution process and impose a claim not included in the approved plan. The resolution professional may verify belated claims, and failure to pursue rejection before the appropriate forum further weakens the claim. The document also clarifies that secured creditor status cannot be claimed merely by invoking Rainbow Papers; a security interest must arise from the governing statute, and where Form-B itself discloses no security interest and no statutory charge exists, secured status is unavailable. en-us Tue, 15 Oct 2024 00:00:00 +0530 Thu, 17 Oct 2024 09:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760130 A tax claim filed after the CIRP claim deadline and beyond the extended regulatory period cannot be introduced after approval of the resolution plan, because doing so would disturb the settled resolution process and impose a claim not included in the approved plan. The resolution professional may verify belated claims, and failure to pursue rejection before the appropriate forum further weakens the claim. The document also clarifies that secured creditor status cannot be claimed merely by invoking Rainbow Papers; a security interest must arise from the governing statute, and where Form-B itself discloses no security interest and no statutory charge exists, secured status is unavailable. Case-Laws IBC Tue, 15 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760130