The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has dismissed an appeal challenging the rejection of a claim seeking recognition as a financial creditor in a corporate insolvency resolution process (CIRP), holding that the appellant failed to establish any valid financial disbursement and had approached the tribunal with inconsistent and misleading assertions. By doing so, the Appellate Tribunal upheld the order of the National Company Law Tribunal (NCLT), Indore Bench.
The appeal was filed by Dr. Anupam Jain, regarding an order dated November 11, 2024, passed by the NCLT. The order dismissed his application seeking recognition as a financial creditor under Rule 11 of the NCLT Rules,…