https://www.taxtmi.com/caselaws?id=291607 The Tribunal dismissed the Deputy Commissioner's application challenging the rejection of their claim by the Liquidator appointed in the Corporate Debtor's liquidation proceedings. The Tribunal emphasized the strict timelines under the Insolvency and Bankruptcy Code, noting delays in lodging the claim and filing the appeal without sufficient justification or condonation requests. Citing the importance of adherence to statutory timelines, the Tribunal rejected the application without costs, highlighting the principle that limitations must be strictly followed in insolvency proceedings. en-us Mon, 04 Nov 2019 00:00:00 +0530 Wed, 18 Nov 2020 19:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291607 The Tribunal dismissed the Deputy Commissioner's application challenging the rejection of their claim by the Liquidator appointed in the Corporate Debtor's liquidation proceedings. The Tribunal emphasized the strict timelines under the Insolvency and Bankruptcy Code, noting delays in lodging the claim and filing the appeal without sufficient justification or condonation requests. Citing the importance of adherence to statutory timelines, the Tribunal rejected the application without costs, highlighting the principle that limitations must be strictly followed in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291607