The case involves an application filed by Mr. Rahul Jain, seeking directions to the Resolution Professional to admit his claim as a Financial Creditor in a class. The Committee of Creditors (CoC) had already approved the Resolution Plan in its 11th meeting held on 07.05.2021 with 90.66% votes. Mr. Jain filed his claim on 19.09.2022, after the approval of the Resolution Plan by the CoC.
Mr. Rahul Jain filed an application seeking directions to the Resolution Professional to admit his claim as a Financial Creditor. The Committee of Creditors (CoC) approved the Resolution Plan on 07.05.2021 with 90.66% votes. Mr. Jain filed his claim on 19.09.2022, after the CoC's approval. The Resolution Professional verified the Corporate Debtor's books and reflected the unit related to the claim in the list of flats. The NCLAT in Puneet Kaur versus M/s. K.V. Developers Private Limited held that claims filed after the approval of the Resolution Plan cannot be admitted. The relevance of the fact that the claim was filed after the approval of the resolution plan is that it is the basis for the rejection of the application, as per the NCLAT's judgment in Puneet Kaur's
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The Committee of Creditors approved the…
NCLAT passed judgment in Puneet Kaur versus M/s.…
The case involves an application filed by Mr. Rahul Jain, seeking directions to the Resolution Professional to admit his claim as a Financial Creditor in a class. The Committee of Creditors (CoC) had already approved the Resolution Plan in its 11th meeting held on 07.05.2021 with 90.66% votes. Mr. Jain filed his claim on 19.09.2022, after the approval of the Resolution Plan by the CoC.
Mr. Rahul Jain filed an application seeking directions to the Resolution Professional to admit his claim as a Financial Creditor. The Committee of Creditors (CoC) approved the Resolution Plan on 07.05.2021 with 90.66% votes. Mr. Jain filed his claim on 19.09.2022, after the CoC's approval. The Resolution Professional verified the Corporate Debtor's books and reflected the unit related to the claim in the list of flats. The NCLAT in Puneet Kaur versus M/s. K.V. Developers Private Limited held that claims filed after the approval of the Resolution Plan cannot be admitted. The relevance of the fact that the claim was filed after the approval of the resolution plan is that it is the basis for the rejection of the application, as per the NCLAT's judgment in Puneet Kaur's
…The Committee of Creditors approved the…
NCLAT passed judgment in Puneet Kaur versus M/s.…