https://www.taxtmi.com/caselaws?id=399249 The Tribunal rejected the Applicant's Application seeking relief for a delay in submitting proof of claim against the Corporate Debtor, enlistment as an Operational Creditor, and recalling an order. The Tribunal emphasized that creditors must file claims within the stipulated period after public announcement, noting the Applicant's filing post-Resolution Plan approval. The Tribunal ruled that inherent powers cannot override express provisions of the law, ultimately deeming the Application not maintainable due to significant delay and post-Resolution Plan filing. No costs were awarded in the judgment. en-us Mon, 05 Oct 2020 00:00:00 +0530 Wed, 07 Oct 2020 11:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399249 The Tribunal rejected the Applicant's Application seeking relief for a delay in submitting proof of claim against the Corporate Debtor, enlistment as an Operational Creditor, and recalling an order. The Tribunal emphasized that creditors must file claims within the stipulated period after public announcement, noting the Applicant's filing post-Resolution Plan approval. The Tribunal ruled that inherent powers cannot override express provisions of the law, ultimately deeming the Application not maintainable due to significant delay and post-Resolution Plan filing. No costs were awarded in the judgment. Case-Laws Insolvency and Bankruptcy Mon, 05 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399249