Case Details: Nitin Verma v. Today Homes Noida (P.) Ltd. - [2023] 153 taxmann.com 588 (SC)
Judiciary and Counsel Details
- Dr Dhananjaya Y. Chandrachud, CJI, Pamidighantam Sri Narasimha & Manoj Misra, JJ.
- Anurag Jain, Mrs Preeti Taneja, Advs., Ms Tina Garg, AOR & M.K. Ghosh, Adv. for the Petitioner.
- Adhish Sharma, Nitin Pandey, Advs. & Umesh Kumar Khaitan, AOR for the Respondent.
Facts of the Case
In the instant case, a petition u/s 7 of the IBC was filed against the corporate debtor, which was admitted on 20-8-2019 and the Resolution Professional (RP) was appointed. The RP invited claims and the last date for submission of claim was 3-9-2019. Thereafter, the resolution plan submitted by ‘One Group’ was approved by the CoC on 4-3-2020.
Thereafter, certain home buyers filed their claims before RP, which was rejected by RP on the ground of delay. Therefore, such home-buyers filed an application before the Adjudicating Authority (NCLT) challenging the decision of RP but the same was dismissed. The said home-buyers further filed an appeal before the NCLAT against the order passed by the NCLT.
The said home-buyers alleged that the NCLT had committed an error in dismissing applications on the ground that the claim lodged with RP after approval of the resolution plan, was not maintainable. However, the NCLAT relied on the case SP Probuild LLP v. Rabinder Kumar Mintri [Civil Appeal No. 7907 of 2021, dated 12-1-2022] and rejected the said application.
Supreme Court Held
Then, the appellant filed an instant appeal before the Supreme Court. The Supreme Court held that in view of facts and records, the NCLAT rightly relied on the SP Probuild case (supra), in which similar issues were raised. Thus, there was hardly any merit in the instant appeal to interfere with NCLAT’s order and, thus, the same was to be dismissed.
List of Cases Reviewed
- Nitin Verma v. Today Homes Noida (P.) Ltd. [2023] 153 taxmann.com 587 (NCLAT – New Delhi) (para 2) affirmed [See Annex].
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