COMPANY LAW2 Sept 2026
Creditor's accepted claim removed silently; NCLT order challenged
A creditor who booked 50,000 sq ft of mall space had an ₹18.84 crore claim accepted during the developer's insolvency. The Resolution Professional later called it suspicious, and without any notice or hearing, removed it from the creditors' list. The NCLT upheld that removal on 8 October 2025, so the creditor has appealed to the NCLAT. This case is a reminder: your claim can be dropped mid-process.
Key Statutory Highlights
- The Resolution Professional originally admitted the claim of ₹18,84,96,866.67 on 21.04.2022.
- Later, he categorised the transaction as 'doubtful/suspicious' and removed the creditor from the list without prior notice.
- After the NCLT dismissed the creditor's application on 08.10.2025, an appeal was filed before the NCLAT.
Actionable Advice for Taxpayers / Founders:If you are a creditor in a corporate insolvency process, monitor every list of creditors carefully; if your claim is ever removed, immediately seek legal help to challenge the decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: