https://www.taxtmi.com/caselaws?id=407554 In liquidation under the Insolvency and Bankruptcy Code, 2016, operational creditors must file proof of claim separately with the liquidator in the prescribed form and manner; prior filing of claims during the corporate insolvency resolution process does not substitute for that requirement. The liquidation framework treats resolution and liquidation as distinct stages, provides a specific appeal against rejection of claims, and the limited relaxation under Regulation 19(4) for workmen and employees does not extend to operational creditors. Equitable grounds cannot override this mandatory statutory procedure, so the request to treat earlier resolution-stage claims as liquidation claims was rejected. en-us Wed, 21 Apr 2021 00:00:00 +0530 Mon, 15 Nov 2021 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407554 In liquidation under the Insolvency and Bankruptcy Code, 2016, operational creditors must file proof of claim separately with the liquidator in the prescribed form and manner; prior filing of claims during the corporate insolvency resolution process does not substitute for that requirement. The liquidation framework treats resolution and liquidation as distinct stages, provides a specific appeal against rejection of claims, and the limited relaxation under Regulation 19(4) for workmen and employees does not extend to operational creditors. Equitable grounds cannot override this mandatory statutory procedure, so the request to treat earlier resolution-stage claims as liquidation claims was rejected. Case-Laws Insolvency and Bankruptcy Wed, 21 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407554