https://www.taxtmi.com/caselaws?id=774786 An allottee who did not file a claim before approval of the Resolution Plan remained covered for six months under Clause-XI, but was entitled only to the relief assessed on merits by the Resolution Applicant, including refund of 50% of the principal amount if genuineness was established. As the appellants submitted their claim only after approval and their entitlement was confined by the plan terms, the communication issued by the Successful Resolution Applicant was held consistent with the approved plan. No ground was made out to interfere with the NCLAT order, and the appeal failed. en-us Tue, 25 Mar 2025 00:00:00 +0530 Tue, 15 Jul 2025 08:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774786 An allottee who did not file a claim before approval of the Resolution Plan remained covered for six months under Clause-XI, but was entitled only to the relief assessed on merits by the Resolution Applicant, including refund of 50% of the principal amount if genuineness was established. As the appellants submitted their claim only after approval and their entitlement was confined by the plan terms, the communication issued by the Successful Resolution Applicant was held consistent with the approved plan. No ground was made out to interfere with the NCLAT order, and the appeal failed. Case-Laws IBC Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774786