# In the matter of Skyhigh Infraland Private Limited IA Nos.1745, 1746, 1747 & 1748-2022 in
CP (IB) No.161-Chd-Hry-2018

> Read the full IBC case summary for In the matter of Skyhigh Infraland Private Limited IA Nos.1745, 1746, 1747 & 1748-2022 in CP (IB) No.161-Chd-Hry-2018. NCLT…

- **Court:** NCLT
- **Order date:** 30 May 2023
- **Citation:** TCN-2023-NCLT-05507
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/skyhigh-infraland-private-limited-ia-nos1745-1746-1747-1748-2022-in-cp-ib-no161-c51b2281

## Summary

### Background

The applications were filed by flat owners whose claims for possession of allotted flats were rejected by the Resolution Professional. The claims were filed after the last date for submission and after the approval of the Resolution Plan.

## Facts

The Corporate Insolvency Resolution Process (CIRP) against M/s. Skyhigh Infraland Private Limited was initiated on November 2, 2018, following an order from the Adjudicating Authority. A public announcement in Form A was made on November 3, 2018, by the Interim Resolution Professional (IRP), inviting creditors to submit their claims with proof in the prescribed format. The last date for submitting claims was November 16, 2018. The applicants, who are flat allottees, filed their claims as home buyers on December 13, 2019, which was after the stipulated deadline.

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## Issues and analysis

### Issue 1: Whether the claims of the flat owners, filed after the last date for submission and after the…

**Ratio:** Claims filed by stakeholders after the approval of the Resolution Plan cannot be acceded…

**Reasoning:** The NCLT reasoned that the Insolvency Resolution Process is a time-bound process with…

**Interpretation:** The court interpreted the provisions of the IBC and NCLT Rules to emphasize the…

**Application:** The court applied this interpretation to the facts, noting that the applicants…

## Parties

- **Judges:** Praveen…; Ashish…
- **Advocates:** For the Applicant…; For the respondent…; +1 more

## Timeline

- **November 2, 2018 — CIRP Init…**: The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Skyhigh…
- **November 3, 2018 — Public Annou…**: The IRP made a public announcement in Form A for the initiation of CIRP, inviting claims…

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