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NATIONAL COMPANY LAW TRIBUNAL
Brajendra Mani Tripathi, Judicial Member, Man Mohan Gupta, Technical Member
Mujakkar Khan – Appellant
Versus
Chaya Gupta – Respondent
| Table of Content |
|---|
| 1. application seeks claim admission post-resolution plan approval (Para 1 , 2) |
| 2. homebuyer paid substantial flat consideration (Para 3) |
| 3. rp functus officio; sra opposes belated claim (Para 4 , 5) |
| 4. cirp timeline and plan approval established (Para 6 , 7 , 8) |
| 5. no proof of disbursement; not financial creditor (Para 9 , 10 , 11 , 12 , 13 , 14) |
| 6. belated claims barred post-plan approval (Para 15 , 16 , 17 , 18 , 19 , 20) |
| 7. information memorandum not defective; finality prevails (Para 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35) |
| 8. application dismissed; no belated claims allowed (Para 36 , 37 , 38 , 39) |
O R D E R
1. The present Application, filed dated 02.03.2025, under Section 60(5) of the Insolvency and Bankruptcy Code 2016 read with Rule 11 of the National Company Law Tribunal Rules 2016, by Mujjakar Khan (the ‘Applicant’), against Ms. Chaya Gupta (the ‘Respondent No 1’) Resolution Professional (RP) of M/s JSM Devcons Private Limited (the ‘Corporate Debtor’) and against M/s Devvrat Developers Private Limited (the ‘Successful Resolution Applicant’/‘Respondent No 2’), for seeking directions as given below:
a) To allow the present Application
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