Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 13/07/2026
Case Overview
This proceeding concerns an Interlocutory Application (IA/1058(AHM)2026) filed by the Resolution Professional under Regulation 13(1C)(b)(ii) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application sought condonation of delay in filing claims received after the issuance of the Request for Resolution Plan (RFRP) in the Corporate Insolvency Resolution Process (CIRP) of Blu-Smart Mobility Limited. The CIRP was initiated against the Corporate Debtor pursuant to an order dated 28.07.2025. A public announcement was made on 31.07.2025, and Form-G was issued on 26.09.2025, and re-issued on 21.12.2025 and 17.03.2026. The RFRP was subsequently issued on 17.04.2026. During the CIRP, five claims from Operational Creditors were received after the RFRP issuance, with delays ranging from 16 to 55 days. The Resolution Professional placed these claims before the Committee of Creditors (CoC) in its 12th and 14th meetings held on 04.06.2026 and 17.06.2026. The CoC approved the admission of these claims and authorized the filing of the present application for condonation of delay.
Final Outcome
The NCLT bench, comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan, allowed the application. After considering the submission, documents on record, and the minutes of the CoC meetings, the tribunal condoned the delay in filing the claims of the five Operational Creditors. The Resolution Professional was directed to deal with these claims in accordance with the Insolvency and Bankruptcy Code, 2016 and the applicable regulations. The application was disposed of with no order as to costs.
Topics: Insolvency, Operational Creditors, CIRP Process