https://www.taxtmi.com/caselaws?id=387019 The Tribunal allowed the Applicant's application for direction to admit a claim under Regulations 7 & 12(2) of IBBI Regulations, 2016, despite rejection by the RP for late filing. The Applicant's claim of Rs. 39,31,127 was to be considered by the RP following the Tribunal's directive, granting liberty to admit the claim if compliant with the Regulations. The Tribunal intervened due to the Applicant's lack of timely information regarding the Company Petition's admission, permitting condonation of delay and instructing the RP to assess the claim accordingly. en-us Mon, 22 Jul 2019 00:00:00 +0530 Fri, 13 Dec 2019 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387019 The Tribunal allowed the Applicant's application for direction to admit a claim under Regulations 7 & 12(2) of IBBI Regulations, 2016, despite rejection by the RP for late filing. The Applicant's claim of Rs. 39,31,127 was to be considered by the RP following the Tribunal's directive, granting liberty to admit the claim if compliant with the Regulations. The Tribunal intervened due to the Applicant's lack of timely information regarding the Company Petition's admission, permitting condonation of delay and instructing the RP to assess the claim accordingly. Case-Laws Insolvency and Bankruptcy Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387019