https://www.taxtmi.com/caselaws?id=407430 Claims in liquidation must be filed in the prescribed manner and within the statutory framework, and the liquidator is required to verify and decide them within the Code's timelines. A claimant who submits a claim long after commencement of liquidation and public announcement, despite knowledge of the process, cannot seek acceptance on equitable grounds alone. The time-bound nature of liquidation and the limitation period for challenging rejection under the Code bar indulgence beyond the prescribed deadlines. The delay was held not condonable, and the request to direct the liquidator to admit the claim was rejected. en-us Mon, 26 Apr 2021 00:00:00 +0530 Sat, 26 Oct 2024 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407430 Claims in liquidation must be filed in the prescribed manner and within the statutory framework, and the liquidator is required to verify and decide them within the Code's timelines. A claimant who submits a claim long after commencement of liquidation and public announcement, despite knowledge of the process, cannot seek acceptance on equitable grounds alone. The time-bound nature of liquidation and the limitation period for challenging rejection under the Code bar indulgence beyond the prescribed deadlines. The delay was held not condonable, and the request to direct the liquidator to admit the claim was rejected. Case-Laws IBC Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407430