https://www.taxtmi.com/caselaws?id=356870 The Tribunal ruled in favor of the appellant Bank, UCO Bank, in the appeal challenging the rejection of its claim by the Liquidator under the Insolvency and Bankruptcy Code, 2016. The appeal was deemed timely filed within the prescribed 14-day limit under Section 42 of the Code. Despite the delay in claim submission by the Bank, attributed to renovation work, the Tribunal held that the Liquidator should have the authority to condone such delays. Emphasizing procedural fairness, the Tribunal directed the Liquidator to reconsider the claim in line with the Code and Regulations, highlighting the importance of balancing timelines with equitable considerations in insolvency proceedings. en-us Wed, 14 Feb 2018 00:00:00 +0530 Wed, 14 Mar 2018 06:51:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356870 The Tribunal ruled in favor of the appellant Bank, UCO Bank, in the appeal challenging the rejection of its claim by the Liquidator under the Insolvency and Bankruptcy Code, 2016. The appeal was deemed timely filed within the prescribed 14-day limit under Section 42 of the Code. Despite the delay in claim submission by the Bank, attributed to renovation work, the Tribunal held that the Liquidator should have the authority to condone such delays. Emphasizing procedural fairness, the Tribunal directed the Liquidator to reconsider the claim in line with the Code and Regulations, highlighting the importance of balancing timelines with equitable considerations in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 14 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356870