https://www.taxtmi.com/caselaws?id=407439 The Tribunal concluded that the Applicant's claim was rightly classified as 'Unsecured' due to the failure to register the charge as required by law. The application was also deemed time-barred, as it was filed well beyond the 14-day period stipulated under Section 42 of the IB Code. Consequently, the Tribunal rejected the application, emphasizing the importance of adhering to specific rules and regulations to maintain the sanctity of the liquidation process. en-us Wed, 28 Apr 2021 00:00:00 +0530 Tue, 11 May 2021 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407439 The Tribunal concluded that the Applicant's claim was rightly classified as 'Unsecured' due to the failure to register the charge as required by law. The application was also deemed time-barred, as it was filed well beyond the 14-day period stipulated under Section 42 of the IB Code. Consequently, the Tribunal rejected the application, emphasizing the importance of adhering to specific rules and regulations to maintain the sanctity of the liquidation process. Case-Laws Insolvency and Bankruptcy Wed, 28 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407439