https://www.taxtmi.com/caselaws?id=784018 The dominant issue was whether an appeal against rejection of a belated claim could yield effective relief after approval of the resolution plan. The NCLAT held that, since the claim was filed after the prescribed date and was never admitted in the CIRP, it was not part of the approved plan; upon plan approval, all such claims stand extinguished. Distinguishing an earlier NCLAT decision where the appellant did not seek alteration of the plan payout and only pressed a set-off claim, the Tribunal followed precedent holding that post-approval challenges to rejection of claims become infructuous. Consequently, no relief could be granted and the appeal was dismissed as infructuous. en-us Fri, 19 Dec 2025 00:00:00 +0530 Sat, 27 Dec 2025 08:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784018 The dominant issue was whether an appeal against rejection of a belated claim could yield effective relief after approval of the resolution plan. The NCLAT held that, since the claim was filed after the prescribed date and was never admitted in the CIRP, it was not part of the approved plan; upon plan approval, all such claims stand extinguished. Distinguishing an earlier NCLAT decision where the appellant did not seek alteration of the plan payout and only pressed a set-off claim, the Tribunal followed precedent holding that post-approval challenges to rejection of claims become infructuous. Consequently, no relief could be granted and the appeal was dismissed as infructuous. Case-Laws IBC Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784018