Any claims arising subsequent to CIRP commencement date can’t be entertained by Resolution Professional – Gujarat Urja Vikas Nigam Ltd. Vs. Mr. Udayraj Patwardhan RP of Adel Landmarks Pvt. Ltd. – NCLAT New Delhi
Hon’ble NCLAT held that:
(i) The Appellant is the wholly owned PSU of Government of Gujarat and cannot take plea that he did not come to know of CIRP proceedings, since he was not specifically intimated.
(ii) There is a clear law that Resolution Professional can only entertain claims due and filed w.r.t. CIRP commencement date and not due to subsequent event, for which claimant might have other legal remedy.
(iii) It is settled law that the Resolution Professional can collate and verify claims w.r.t. CIRP date and therefore any claims arising subsequent to CIRP date can’t be entertained by Resolution Professional.