Introduction
The National Company Law Tribunal (NCLT), Mumbai Bench, has delivered a reasoned and unequivocal order dismissing six belated claim applications filed by former employees of Indo Global Soft Solutions and Technologies Pvt. Ltd.1 during the Corporate Insolvency Resolution Process (CIRP). The Tribunal’s analysis reinforces the principle that the IBC’s timelines are not procedural formalities but binding mandates integral to the resolution framework. By examining the extensive delay, the applicants’ conduct, and the statutory scheme governing claim submission, the decision highlights that claims raised long after the CoC’s approval of a resolution plan cannot be entertained especially when doing so would derail a…