https://www.taxtmi.com/caselaws?id=408858 The Adjudicating Authority upheld the Resolution Professional's decision to reject the Operational Creditor's claim against the Corporate Debtor, emphasizing the importance of timely submission of claims under the Insolvency & Bankruptcy Code. Despite the Operational Creditor's plea for condonation of delay due to COVID-19 lockdown, the Authority prioritized adherence to statutory timelines to maintain the efficiency of the resolution process. By denying the appeal, the Authority aimed to safeguard the Resolution Process and Committee of Creditors from the disruptive effects of belated claims, aligning with the overarching objective of maximizing value through efficient resolution processes. en-us Fri, 18 Jun 2021 00:00:00 +0530 Wed, 23 Jun 2021 10:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408858 The Adjudicating Authority upheld the Resolution Professional's decision to reject the Operational Creditor's claim against the Corporate Debtor, emphasizing the importance of timely submission of claims under the Insolvency & Bankruptcy Code. Despite the Operational Creditor's plea for condonation of delay due to COVID-19 lockdown, the Authority prioritized adherence to statutory timelines to maintain the efficiency of the resolution process. By denying the appeal, the Authority aimed to safeguard the Resolution Process and Committee of Creditors from the disruptive effects of belated claims, aligning with the overarching objective of maximizing value through efficient resolution processes. Case-Laws Insolvency and Bankruptcy Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408858