https://www.taxtmi.com/caselaws?id=407855 The Tribunal invoked its inherent powers to direct the Liquidator to consider the operational creditor's claim despite a delay in filing. The Tribunal balanced legal requirements with the interests of justice, emphasizing adjudication on merits over default terminations. The ruling allowed the claim of the Applicant, amounting to Rs. 4,62,066, without imposing costs, considering the Applicant's circumstances as a retired individual. The judgment addressed issues of delay, statutory timelines, and fairness in insolvency proceedings, providing relief to the Applicant and upholding due process. en-us Wed, 19 May 2021 00:00:00 +0530 Mon, 24 May 2021 08:37:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407855 The Tribunal invoked its inherent powers to direct the Liquidator to consider the operational creditor's claim despite a delay in filing. The Tribunal balanced legal requirements with the interests of justice, emphasizing adjudication on merits over default terminations. The ruling allowed the claim of the Applicant, amounting to Rs. 4,62,066, without imposing costs, considering the Applicant's circumstances as a retired individual. The judgment addressed issues of delay, statutory timelines, and fairness in insolvency proceedings, providing relief to the Applicant and upholding due process. Case-Laws Insolvency and Bankruptcy Wed, 19 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407855