https://www.taxtmi.com/caselaws?id=410331 The Trade Creditors/Operational Creditors' applications seeking condonation of delay in claim submissions were dismissed by the Tribunal, emphasizing the need for timely submissions and citing potential disruption to the Resolution Plan process. Similarly, the Financial Creditor's application for non-adjudication of their claim was also dismissed due to late submission and the risk of disrupting the ongoing Resolution Plan. All applications were rejected without costs, considering the late submissions and the impact on the Resolution Plan process. en-us Thu, 15 Jul 2021 00:00:00 +0530 Fri, 30 Jul 2021 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410331 The Trade Creditors/Operational Creditors' applications seeking condonation of delay in claim submissions were dismissed by the Tribunal, emphasizing the need for timely submissions and citing potential disruption to the Resolution Plan process. Similarly, the Financial Creditor's application for non-adjudication of their claim was also dismissed due to late submission and the risk of disrupting the ongoing Resolution Plan. All applications were rejected without costs, considering the late submissions and the impact on the Resolution Plan process. Case-Laws Insolvency and Bankruptcy Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410331