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NATIONAL COMPANY LAW TRIBUNAL
Brajendra Mani Tripathi, Judicial Member, Man Mohan Gupta, Technical Member
Sanjeev Bhatjiwale – Appellant
Versus
Chaya Gupta – Respondent
| Table of Content |
|---|
| 1. application seeks im sharing and plan recall. (Para 1 , 2) |
| 2. homebuyer paid full amount via operational creditor. (Para 3) |
| 3. rp functus officio; sra opposes belated claim. (Para 4 , 5) |
| 4. cirp timeline and plan approval established. (Para 7 , 8) |
| 5. no proof of disbursement; not financial creditor. (Para 9 , 10 , 11 , 12 , 13) |
| 6. belated claims barred post-plan approval. (Para 14 , 15 , 16 , 17 , 18 , 19) |
| 7. im not defective; finality under section 31. (Para 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34) |
| 8. application dismissed; no merit in claims. (Para 35 , 36 , 37 , 38) |
O R D E R
1. The present Application, filed dated 27.11.2024, under Section 60(5) of the Insolvency and Bankruptcy Code 2016 read with Rule 11 of the National Company Law Tribunal Rules 2016, by Sanjeev Bhatjiwale (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, b) To direct the RP/Respon
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