https://www.taxtmi.com/caselaws?id=415122 The tribunal dismissed the application seeking various reliefs under section 60 of the Insolvency and Bankruptcy Code, 2016. The application was rejected by the Resolution Professional (RP) due to delay in filing the claim beyond the specified deadline, as per the amended provision of regulation 12(2) of the IBBI Regulations. Despite arguments regarding the impact of the pandemic-induced lockdown, the tribunal found the claim untimely even after excluding the lockdown period. The tribunal emphasized the mandatory nature of the regulation and upheld the RP's decision to reject the claim. en-us Tue, 09 Mar 2021 00:00:00 +0530 Sat, 27 Nov 2021 08:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415122 The tribunal dismissed the application seeking various reliefs under section 60 of the Insolvency and Bankruptcy Code, 2016. The application was rejected by the Resolution Professional (RP) due to delay in filing the claim beyond the specified deadline, as per the amended provision of regulation 12(2) of the IBBI Regulations. Despite arguments regarding the impact of the pandemic-induced lockdown, the tribunal found the claim untimely even after excluding the lockdown period. The tribunal emphasized the mandatory nature of the regulation and upheld the RP's decision to reject the claim. Case-Laws Insolvency and Bankruptcy Tue, 09 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415122