NCLT rejects belated CIRP claims

The National Company Law Tribunal (NCLT), Mumbai Bench, by its common order dated 22 June 2026 in a batch of applications relating to Calyx Lenora Realty LLP, dismissed applications filed by homebuyers and an operational creditor seeking condonation of delay in filing their CIRP claims. The Tribunal held that once the Committee of Creditors (CoC) has approved a resolution plan, belated claims cannot ordinarily be entertained as doing so would undermine the time-bound insolvency framework under the Insolvency and Bankruptcy Code, 2016 (IBC). The ruling reiterates that public announcements under the IBC constitute deemed notice and creditors are expected to remain vigilant in protecting their rights.