https://www.taxtmi.com/caselaws?id=296274 The court allowed the application by the Operational Creditor for condonation of delay in filing a claim rejected by the Liquidator due to missing the deadline. Despite the time-barred claim, the court permitted the delay under Section 42 of IBC, citing precedents allowing creditors to seek relief for late submissions. The court emphasized the need to verify the claim's authenticity and directed the Liquidator to admit the Applicant's claim. Ultimately, the application was granted, and the order was issued accordingly. en-us Wed, 10 Apr 2019 00:00:00 +0530 Tue, 13 Jul 2021 10:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296274 The court allowed the application by the Operational Creditor for condonation of delay in filing a claim rejected by the Liquidator due to missing the deadline. Despite the time-barred claim, the court permitted the delay under Section 42 of IBC, citing precedents allowing creditors to seek relief for late submissions. The court emphasized the need to verify the claim's authenticity and directed the Liquidator to admit the Applicant's claim. Ultimately, the application was granted, and the order was issued accordingly. Case-Laws Insolvency and Bankruptcy Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296274