# In the matter of Hotel Horizon Private Limited

> NCLT judgment dated 2026-01-12. Citation: TCN-2026-NCLT-00064. The case involves an Interlocutory Application (IA 4054 of 2025) filed by Mrs. Vijaya Malhotra,…

- **Court:** NCLT
- **Order date:** 12 Jan 2026
- **Citation:** TCN-2026-NCLT-00064
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/hotel-horizon-private-limited-20d22924

## Summary

### Background

The case involves an Interlocutory Application (IA 4054 of 2025) filed by Mrs. Vijaya Malhotra, seeking directions to the Resolution Professional (RP) of Hotel Horizon Private Limited to consider and admit her claim of Rs. 25,41,36,690/-. The RP had rejected her claim due to insufficient documentation and delay in filing.

## Facts

Mrs. Vijaya Malhotra filed IA 4054 of 2025 seeking directions to the RP to admit her claim of Rs. 25,41,36,690/-.

The RP rejected the claim due to insufficient documentation and delay in filing.

The claim is based on a loan agreement and a deed of guarantee where Hotel Horizon Private Limited acted as a guarantor.

The Corporate Insolvency Resolution Process (CIRP) against Hotel Horizon Private Limited commenced on 19.11.2024.

The applicant submitted her claim in Form C on 07.06.2025, which was beyond the 90-day period prescribed in Regulation 12(1) of the CIRP Regulations.

The applicant had extended loan to Horizon Reality Private Limited, a sister concern of Corporate Debtor in December, 2013 at exorbitant rate of interest and no interest so far was paid in last 12 years.

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## Issues and analysis

### Issue 1: Whether the RP was justified in rejecting the applicant's claim due to insufficient documentation …

**Ratio:** Regulation 12(1) of CIRP Regulations allows a creditor to submit a claim even after the

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**Reasoning:** The applicant failed to provide sufficient documentation, including proof of

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**Interpretation:** The NCLT interpreted the CIRP Regulations to mean that creditors must provide

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**Application:** The NCLT applied the regulations to the facts of the case and found that the

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Vijay Mal…
- **Respondents:** Hotel Horizon…; Pravin R. N…; +1 more
- **Other parties:** Sagar S…; Assets Care &…; +1 more
- **Advocates:** Kriti Ka…; Ansh K…; +2 more

## Timeline

- **2024-11-19 — CIRP Commen…**: Corporate Insolvency Resolution Process (CIRP)…
- **2024-11-22 — Public Annou…**: Public announcement was…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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