Creditors Must Submit Claims Before NCLT Approval; Late Claims Not Allowed Post-Resolution Plan Approval.

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Full Text of the Document

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....Entertainment of claims made by creditors after approval of Resolution Plan - A stakeholder cannot afford to sleep over his claims and fail to submit it on time and come forward after the approval of Resolution Plan by the Adjudicating Authority. - The approved Resolution Plan approved vide order dated 23rd January, 2019 by the NCLT, Chennai Bench is binding on the stakeholders including the statutory authorities who failed to file claims before the said approval - Tri....