Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: 15/07/2026

Case Overview

This matter concerns an application (IA/1088(AHM)2026) filed by the Interim Resolution Professional (IRP), Mr. Sunit Jagdishchandra Shah, in the Corporate Insolvency Resolution Process (CIRP) of Miki Maize Milling Private Limited. The application was filed under Regulation 13(2)(d) and 17 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, read with Rule 11 of the NCLT Rules, 2016 and Section 60(5) of the IB Code, 2016.

The CIRP against the corporate debtor, Miki Maize Milling Private Limited, was initiated by the State Bank of India under Section 7 of the IB Code, with the admission order dated 11/02/2026. The public announcement was made on 13/02/2026, setting the last date for the submission of claims as 25/02/2026. After this deadline but before the constitution of the Committee of Creditors (CoC), the IRP received claims from three creditors: Dev Packaging, HDFC Bank Limited, and Hardi Traders. The IRP verified these claims and subsequently filed the present application seeking permission to admit them and reconstitute the CoC.

The principal legal question before the tribunal was the permissibility of admitting claims submitted after the public announcement deadline. The tribunal examined Regulation 12 of the CIRP Regulations, which provides for the submission of claims after the specified last date.

Final Outcome

The tribunal allowed the application. The operative part of the order directs:

(i) The IRP is permitted to take on record the claims received after 25/02/2026 (from Dev Packaging, HDFC Bank, and Hardi Traders), subject to verification in accordance with the law.

(ii) The IRP shall re-constitute the Committee of Creditors in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016 and its regulations.

(iii) The revised constitution of the Committee of Creditors must be placed on record before the Adjudicating Authority as per the law.

The practical consequence is that the claims of Dev Packaging, HDFC Bank, and Hardi Traders will be formally admitted into the CIRP, and their voting rights will be included in a reconstituted Committee of Creditors, potentially altering the dynamics of the resolution process.

Topics: Insolvency, Creditor Claims, NCLT Procedure