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Sep 30, 2025

NCLAT Rules on Homebuyers’ Claims Submitted after Approval of Resolution Plan

The National Company Law Appellate Tribunal (‘NCLAT’) in Puneet Kaur v. K.V. Developers P. Ltd,[1] held that the claims of homebuyers which were not filed with the resolution professional but are reflected in the corporate debtor’s records, ought to be included in the information memorandum by the resolution professional. The resolution applicant is expected to deal with these liabilities appropriately in their resolution plan.

[1] Puneet Kaur v. K.V. Developers P. Ltd., Company Appeal (AT) (Insolvency) No. 390 of 2022.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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