Claims Submitted After Resolution Plan Approval Including Related Moratorium Period Not Allowed Under IBC: NCLT Bengaluru

The National Company Law Tribunal (NCLT) in Bengaluru examined the implications of approving a resolution plan during the moratorium period under the Insolvency and Bankruptcy Code (IBC). The tribunal clarified that any claims arising after the approval of the resolution plan cannot be admitted during the moratorium period. This decision underscores the importance of distinguishing between pre- and post-approval claims, aiming to ensure the effective implementation of the resolution plan and the smooth functioning of the insolvency process.