https://www.taxtmi.com/caselaws?id=801037 Late-filed homebuyer claims in a corporate insolvency resolution process need not be collated or incorporated into the information memorandum or resolution plan where no corresponding liability appears in the corporate debtor's records. Regulation 12 operates within a time-bound process; transfers through a holding company and settlements not binding on the corporate debtor do not establish a recorded liability. Admission of delayed claims requires genuine and sufficient cause. Prior legal assistance, creditor-committee participation, and a claimed misunderstanding about separate filings did not justify a prolonged delay after creditors approved the resolution plan. Such claims remain outside the insolvency resolution process. en-us Wed, 14 Oct 2026 00:00:00 +0530 Thu, 15 Oct 2026 05:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801037 Late-filed homebuyer claims in a corporate insolvency resolution process need not be collated or incorporated into the information memorandum or resolution plan where no corresponding liability appears in the corporate debtor's records. Regulation 12 operates within a time-bound process; transfers through a holding company and settlements not binding on the corporate debtor do not establish a recorded liability. Admission of delayed claims requires genuine and sufficient cause. Prior legal assistance, creditor-committee participation, and a claimed misunderstanding about separate filings did not justify a prolonged delay after creditors approved the resolution plan. Such claims remain outside the insolvency resolution process. Case-Laws IBC Wed, 14 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801037