Sunshine Infinity Society CIRP Claim Rejection Appeal Dismissed

NCLAT dismisses appeal by Sunshine Infinity Co-Operative Housing Society Ltd. against NCLT order rejecting its delayed Rs 22.72 crore claim in SQ Infrastructure's CIRP.
Appellant society filed claim 142 days late, after Resolution Plan approval, despite earlier written confirmation of full settlement with the Corporate Debtor.
Tribunal upholds NCLT's view that belated claims cannot be admitted post-CoC approval, relying on Supreme Court's Essar Steel and RPS Infrastructure judgments.
Resolution Plan for SQ Infrastructure Pvt Ltd is approved and implemented, concluding the Corporate Insolvency Resolution Process.