https://www.taxtmi.com/caselaws?id=297297 The Tribunal dismissed the appeal under section 42 of the Insolvency & Bankruptcy Code, 2016, upholding the Liquidator's rejection of the claim by the Appellant seeking acceptance as an "other creditor" of the Corporate Debtor. The Tribunal found the claim premature, lacking crystallization of debt, and not suitable for admission in the liquidation process. Additionally, the prayer for condonation of delay in filing the appeal was deemed infructuous. The decision was based on the ongoing project execution and the absence of sufficient justification for the claim due to delays in project completion. en-us Fri, 16 Apr 2021 00:00:00 +0530 Thu, 26 Aug 2021 08:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297297 The Tribunal dismissed the appeal under section 42 of the Insolvency & Bankruptcy Code, 2016, upholding the Liquidator's rejection of the claim by the Appellant seeking acceptance as an "other creditor" of the Corporate Debtor. The Tribunal found the claim premature, lacking crystallization of debt, and not suitable for admission in the liquidation process. Additionally, the prayer for condonation of delay in filing the appeal was deemed infructuous. The decision was based on the ongoing project execution and the absence of sufficient justification for the claim due to delays in project completion. Case-Laws Insolvency and Bankruptcy Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297297