Proof of claims submission: late claims accepted until request for resolution plans or later; reasons required for extended delay. A creditor must submit a claim with proof by the last date in the public announcement; late submission is permitted to the interim or resolution professional until the issue of the request for resolution plans under regulation 36B or until ninety days from the insolvency commencement date, whichever is later, and the creditor must explain any delay beyond ninety days. Admitted financial creditors are to be included in the committee from the date of admission without affecting prior committee decisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proof of claims submission: late claims accepted until request for resolution plans or later; reasons required for extended delay.
A creditor must submit a claim with proof by the last date in the public announcement; late submission is permitted to the interim or resolution professional until the issue of the request for resolution plans under regulation 36B or until ninety days from the insolvency commencement date, whichever is later, and the creditor must explain any delay beyond ninety days. Admitted financial creditors are to be included in the committee from the date of admission without affecting prior committee decisions.
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