NCLT Rejects Punjab's Belated Nexgen Laminators Tax Claim

Punjab State Tax Department filed application to admit belated GST claim of ₹66.19 lakh against Nexgen Laminators.
Claim was filed in August 2024, over 4 years after CIRP commencement and after CoC approved resolution plan.
NCLT Chandigarh dismissed application, upholding RP's rejection due to inordinate delay and advanced stage of CIRP.
Tribunal ruled admitting claim would defeat time-bound resolution framework and unsettle CoC's commercial decision.