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2021 (3) TMI 296 - AT - Insolvency and BankruptcyRejection of fresh claim after the approval of Resolution Plan - Ld. counsel for the appellant submits that the RP has not been fair in communication as the RP did not inform that the resolution plan was already approved. - HELD THAT:- Considering the fact that the resolution plan was already approved on March 19, 2020 and the appellant filed claim on June 15, 2020 keeping in view provisions of the IBC (Insolvency and Bankruptcy Code, 2016), we do not think that it is a matter where things can be undone. The proceedings for CIRP are proceedings which are initiated with public notice and resolution plan takes its own time to get passed. The claims are to be filed in response to public notice which RP/IRP issued. In such contingency, after the resolution plan has already been approved in March, 2020, fresh claim cannot be entertained in June, 2020. The party aggrieved is required to follow the procedure under the provisions of the IBC. The appellant appears to have filed claim after much delay and the appellant cannot be granted the relief as is being sought - appeal dismissed.
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