https://www.taxtmi.com/caselaws?id=291637 An operational creditor's delayed claim was held not entertainable after completion of the CIRP because claims must be filed within the time allowed, in the prescribed form and with supporting documents. The Tribunal noted that a public announcement inviting claims was made, so separate personal notice to each creditor was not required. As the CIRP had already concluded and the resolution plan was pending approval, there was no basis to direct admission of the claim at that stage. The application seeking condonation of delay and admission of the claim therefore failed. en-us Thu, 29 Aug 2019 00:00:00 +0530 Fri, 20 Nov 2020 12:07:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291637 An operational creditor's delayed claim was held not entertainable after completion of the CIRP because claims must be filed within the time allowed, in the prescribed form and with supporting documents. The Tribunal noted that a public announcement inviting claims was made, so separate personal notice to each creditor was not required. As the CIRP had already concluded and the resolution plan was pending approval, there was no basis to direct admission of the claim at that stage. The application seeking condonation of delay and admission of the claim therefore failed. Case-Laws Insolvency and Bankruptcy Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291637