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IBC - Highlights / Catch Notes

Home Highlights March 2021 Year 2021 This

Rejection of fresh claim after the approval of Resolution Plan - ...


New Claim Denied Post-Resolution Plan Approval; Timely Submission Crucial per Insolvency Regulations.

March 9, 2021

Case Laws     Insolvency and Bankruptcy     AT

Rejection of fresh claim after the approval of Resolution Plan - 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. - AT

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