Several appeals were filed against an order by the Adjudicating Authority (NCLT) dismissing IAs filed by Appellants seeking acceptance of their belated claims as homebuyers in the CIRP of Today Homes Noida Pvt. Ltd. The Appellants' claims were rejected due to delays in filing beyond the 90-day CIRP commencement period.
The Corporate Debtor, Today Homes Noida Pvt. Ltd., initiated CIRP based on an application by Financial Creditors (Homebuyers) on 20.08.2019.
The IRP made a public announcement on 24.08.2019, inviting claims from creditors by 03.09.2019.
The Appellants, including Ms. Reena, filed claims after the 90-day period, citing lack of awareness of the CIRP due to residing outside Delhi NCR or abroad.
A Resolution Plan was approved by the CoC on 04.03.2020.
NOIDA, having allotted land to the Corporate Debtor, was treated as an Operational Creditor in the Resolution Plan.
The Hon'ble Supreme Court in 'Greater Noida Industrial Development Authority vs Prabhjit Singh Soni & Anr.' held Greater NOIDA as a Secured Creditor.
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CIRP against Today Homes Noida Pvt. Ltd.…
IRP made a public…
Several appeals were filed against an order by the Adjudicating Authority (NCLT) dismissing IAs filed by Appellants seeking acceptance of their belated claims as homebuyers in the CIRP of Today Homes Noida Pvt. Ltd. The Appellants' claims were rejected due to delays in filing beyond the 90-day CIRP commencement period.
The Corporate Debtor, Today Homes Noida Pvt. Ltd., initiated CIRP based on an application by Financial Creditors (Homebuyers) on 20.08.2019.
The IRP made a public announcement on 24.08.2019, inviting claims from creditors by 03.09.2019.
The Appellants, including Ms. Reena, filed claims after the 90-day period, citing lack of awareness of the CIRP due to residing outside Delhi NCR or abroad.
A Resolution Plan was approved by the CoC on 04.03.2020.
NOIDA, having allotted land to the Corporate Debtor, was treated as an Operational Creditor in the Resolution Plan.
The Hon'ble Supreme Court in 'Greater Noida Industrial Development Authority vs Prabhjit Singh Soni & Anr.' held Greater NOIDA as a Secured Creditor.
…CIRP against Today Homes Noida Pvt. Ltd.…
IRP made a public…