https://www.taxtmi.com/caselaws?id=412019 The Tribunal dismissed the Appellant's appeal, affirming the Adjudicating Authority's decision to reject the claim due to untimely submission, despite arguments regarding lack of awareness and the impact of the Covid-19 pandemic. Emphasizing the importance of adhering to statutory timelines in insolvency proceedings, the Tribunal upheld that Regulation 12(2) must be strictly followed. The judgment highlights that delayed claims cannot be entertained, even during exceptional circumstances, reinforcing the significance of complying with prescribed deadlines in the Corporate Insolvency Resolution Process. en-us Tue, 07 Sep 2021 00:00:00 +0530 Thu, 25 Nov 2021 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412019 The Tribunal dismissed the Appellant's appeal, affirming the Adjudicating Authority's decision to reject the claim due to untimely submission, despite arguments regarding lack of awareness and the impact of the Covid-19 pandemic. Emphasizing the importance of adhering to statutory timelines in insolvency proceedings, the Tribunal upheld that Regulation 12(2) must be strictly followed. The judgment highlights that delayed claims cannot be entertained, even during exceptional circumstances, reinforcing the significance of complying with prescribed deadlines in the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412019