Once CoC Approves Resolution Plan Then No Claim Is To Be Entertained: NCLAT
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Once CoC Approves Resolution Plan Then No Claim Is To Be Entertained: NCLAT

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The NCLAT New Delhi bench of Justice Rakesh Kumar Jain, Mr. Barun Mitra and Mr. Indevar Pandey have reiterated that once the Committee of Creditor has approved the resolution plan, then no claim is to be entertained. Counsel for the Respondent stated that IBC is a time-bound process and drew attention to the case of M/s RPS Infrastructure Ltd. vs. Mukul Kumar & Anr., wherein it was held that no claims can be entertained after the CoC approves the resolution plan. Observations: The Tribunal noted that the Appellant filed the claim much after when the members of the CoC approved the plan submitted by the resolution applicant. The Tribunal relied upon the dicta of the Supreme Court in M/s RPS Infra which held that once the CoC has approved the plan then no claim is to be entertained.

History of this topic

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4 days, 7 hours ago
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4 days, 23 hours ago
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2 weeks, 2 days ago
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3 weeks ago
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3 weeks, 3 days ago
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3 weeks, 5 days ago
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3 weeks, 6 days ago
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1 month ago
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1 month, 1 week ago
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1 month, 1 week ago
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1 month, 1 week ago
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1 month, 1 week ago
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1 month, 2 weeks ago
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1 month, 2 weeks ago
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1 month, 3 weeks ago
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4 months ago
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4 months, 2 weeks ago
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4 months, 3 weeks ago
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6 months ago
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6 months, 1 week ago
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6 months, 2 weeks ago
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6 months, 2 weeks ago
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6 months, 3 weeks ago
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7 months, 1 week ago
NCLAT Delhi: Adjudicating Authority Can Extend Payment Timelines Under Resolution Plan Without Express Concurrence Of CoC
7 months, 1 week ago
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7 months, 1 week ago
Claim Cannot Be Admitted After The Approval Of Resolution Plan By The CoC Even If Approval By The Adjudicating Authority U/S 31 Of IBC Is Pending: NCLT Mumbai
7 months, 2 weeks ago
NCLAT Delhi: RP Can Always Ask For Additional Information From Creditors To Substantiate The Claim And Exercise Due Diligence
8 months, 3 weeks ago
NCLT Mumbai Holds Resolution Professional Accountable For Biased Conduct, Sets Aside Approved Resolution Plan
8 months, 3 weeks ago
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8 months, 3 weeks ago
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9 months, 1 week ago
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9 months, 1 week ago
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9 months, 1 week ago
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9 months, 2 weeks ago
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9 months, 2 weeks ago
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9 months, 2 weeks ago
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9 months, 3 weeks ago
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10 months ago

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