https://www.taxtmi.com/caselaws?id=414830 In liquidation proceedings, a belated claim cannot be entertained unless the claimant shows sufficient cause for the delay. The Tribunal found that the claim was filed after the public announcement deadline and that the explanation of ignorance of the corporate debtor's insolvency and liquidation was not credible. As no sufficient cause was established, condonation of delay was refused, the liquidator's rejection of the claim was upheld, and the appeal failed. en-us Mon, 15 Nov 2021 00:00:00 +0530 Thu, 18 Nov 2021 07:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414830 In liquidation proceedings, a belated claim cannot be entertained unless the claimant shows sufficient cause for the delay. The Tribunal found that the claim was filed after the public announcement deadline and that the explanation of ignorance of the corporate debtor's insolvency and liquidation was not credible. As no sufficient cause was established, condonation of delay was refused, the liquidator's rejection of the claim was upheld, and the appeal failed. Case-Laws Insolvency and Bankruptcy Mon, 15 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414830