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    <title>BELATED CLAIMS BY THE ALLOTTEES IN A ‘CIRP’ PROCESS</title>
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    <description>Admission and incorporation of a homebuyer&#039;s claim in the published list of financial creditors during CIRP constitutes formal legal recognition; such verified and admitted claims cannot be treated as belated or defaulting for the purpose of applying a resolution plan clause that limits remedies for late filers, and plan provisions penalising default apply only to those who failed to file or pursue claims.</description>
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