https://www.taxtmi.com/caselaws?id=413763 The Tribunal dismissed the appeal seeking condonation of an 18-day delay in filing under Section 42 of IBC, 2016 against the Liquidator's order. The Applicant, an Operational Creditor, failed to file a claim during the Liquidation process, leading to rejection by the Liquidator. The Tribunal emphasized the time-bound nature of IBC, requiring separate claim filings for CIRP and Liquidation stages. Citing a Supreme Court case, the Tribunal highlighted the Liquidator's obligation to complete liquidation within a year, resulting in the dismissal of the appeal without costs. en-us Mon, 02 Aug 2021 00:00:00 +0530 Wed, 20 Oct 2021 09:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413763 The Tribunal dismissed the appeal seeking condonation of an 18-day delay in filing under Section 42 of IBC, 2016 against the Liquidator's order. The Applicant, an Operational Creditor, failed to file a claim during the Liquidation process, leading to rejection by the Liquidator. The Tribunal emphasized the time-bound nature of IBC, requiring separate claim filings for CIRP and Liquidation stages. Citing a Supreme Court case, the Tribunal highlighted the Liquidator's obligation to complete liquidation within a year, resulting in the dismissal of the appeal without costs. Case-Laws Insolvency and Bankruptcy Mon, 02 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413763