https://www.taxtmi.com/caselaws?id=297827 The court dismissed the Applicant's application due to the delay in filing the claim in the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional's rejection of the claim was upheld, emphasizing the need to adhere strictly to the CIRP timelines to maintain fairness for all creditors and stakeholders. Allowing belated claims could disrupt the process, impact resolution plans, and hinder the efficient completion of the CIRP. The judgment highlights the significance of timely resolution and upholding the integrity of the insolvency resolution process by following the prescribed timelines set by the law. en-us Wed, 10 Mar 2021 00:00:00 +0530 Thu, 23 Sep 2021 07:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297827 The court dismissed the Applicant's application due to the delay in filing the claim in the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional's rejection of the claim was upheld, emphasizing the need to adhere strictly to the CIRP timelines to maintain fairness for all creditors and stakeholders. Allowing belated claims could disrupt the process, impact resolution plans, and hinder the efficient completion of the CIRP. The judgment highlights the significance of timely resolution and upholding the integrity of the insolvency resolution process by following the prescribed timelines set by the law. Case-Laws Insolvency and Bankruptcy Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297827