Claim Submission Deadlines

Important Announcement for Homebuyers: Claim Submission Deadlines
 
As per CIRP Regulation 12(1), homebuyers who did not submit their claims within the timeline specified in the public announcement may still submit claims up to the Request for Resolution Plan (RFRP) date or within ninety days from the insolvency commencement date, whichever is later.
 
However, according to CIRP Regulation 13(1B), any claims submitted beyond this period must be filed no later than seven days before the meeting of creditors for voting on the resolution plan, i.e., by 6th August 2024.
 
If you have missed both deadlines, we regret that your claim cannot be considered at this stage.
 
Please note that the Successful Resolution Applicant i.e. Apex Heights Private Limited has created a provision for the homebuyers who have failed to file their claims before 06th August, 2024.
 
Please find the relevant extract from their plan for your perusal:
“(e) For Allottees who have not filed claim in the CIRP, the Resolution Applicant proposes to give them opportunity to file their claims within 120 days of Handover Date. These Allottees will be intimated within 45 days of Handover Date through:
 
(i) Individual emails being sent to email addresses, if any, available with the Corporate Debtor;
(ii) Registered Post letters being sent to their addresses available with the Corporate
Debtor; and
(iii) Public notice in four/five leading newspapers having wide circulation in Delhi NCR

Allottees who file claims with proof within 120 days shall be treated at par with those Allottees who have filed their claim in the CIRP depending upon which towers they have booked their unit. However, if any such Allottee fails to file their claim with proof within the said period of 120 days from the Handover Date their allotment shall be deemed to have been cancelled on Approval Date and their claim against the Project shall be deemed to be settled at NIL pursuant to approval of the Resolution Plan and Resolution Applicant shall not be liable to them in any manner whatsoever.“