https://www.taxtmi.com/caselaws?id=784771 A financial creditor challenged rejection of its claim in CIRP and sought relief under s.60(5) IBC, relying on acknowledgments in the corporate debtor's audited balance sheet and an email showing takeover of a third party loan, further corroborated by admissions made by a promoter/personal guarantor in pending proceedings. The AT held that these materials established existence and acknowledgment of debt; however, the creditor failed to challenge the RP's rejection with due diligence, and the CIRP had progressed to CoC approval of a resolution plan awaiting AA approval. Reopening the time-bound process at such a belated stage was declined, and the appeal was dismissed. en-us Fri, 09 Jan 2026 00:00:00 +0530 Mon, 12 Jan 2026 09:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784771 A financial creditor challenged rejection of its claim in CIRP and sought relief under s.60(5) IBC, relying on acknowledgments in the corporate debtor's audited balance sheet and an email showing takeover of a third party loan, further corroborated by admissions made by a promoter/personal guarantor in pending proceedings. The AT held that these materials established existence and acknowledgment of debt; however, the creditor failed to challenge the RP's rejection with due diligence, and the CIRP had progressed to CoC approval of a resolution plan awaiting AA approval. Reopening the time-bound process at such a belated stage was declined, and the appeal was dismissed. Case-Laws IBC Fri, 09 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784771