https://www.taxtmi.com/caselaws?id=410634 A CIRP claim supported by an unchallenged civil decree is not to be rejected as time-barred merely because the underlying invoices are old, provided the decree remains operative and the execution period has not expired. By contrast, an MSME supplier's interest claim cannot be admitted by the resolution professional without a determination by the Facilitation Council under the statutory scheme. The CIRP claim-filing period is directory, so delay alone does not bar a claim, but the creditor must still show that the debt was legally enforceable when CIRP commenced. The Tribunal also lacks jurisdiction to direct consideration of an OTS proposal or to interfere with lenders' treatment of an approved resolution plan. en-us Tue, 27 Jul 2021 00:00:00 +0530 Fri, 06 Aug 2021 09:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410634 A CIRP claim supported by an unchallenged civil decree is not to be rejected as time-barred merely because the underlying invoices are old, provided the decree remains operative and the execution period has not expired. By contrast, an MSME supplier's interest claim cannot be admitted by the resolution professional without a determination by the Facilitation Council under the statutory scheme. The CIRP claim-filing period is directory, so delay alone does not bar a claim, but the creditor must still show that the debt was legally enforceable when CIRP commenced. The Tribunal also lacks jurisdiction to direct consideration of an OTS proposal or to interfere with lenders' treatment of an approved resolution plan. Case-Laws Insolvency and Bankruptcy Tue, 27 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410634