https://www.taxtmi.com/caselaws?id=418764 The tribunal dismissed the Company Appeal, finding no merit in the appellant's contentions. The delay in filing the appeal was condoned due to valid reasons. The rejection of the appellant's claim during the liquidation process was upheld, emphasizing that claims rejected during the Corporate Insolvency Resolution Process cannot be refiled in liquidation. The appellant's claim to be considered a 'Financial Creditor' was denied as it failed to demonstrate disbursement to the corporate debtor as required by the Insolvency and Bankruptcy Code. The tribunal concluded that the appellant's claim was not maintainable and dismissed the appeal. en-us Tue, 22 Feb 2022 00:00:00 +0530 Thu, 24 Feb 2022 07:12:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418764 The tribunal dismissed the Company Appeal, finding no merit in the appellant's contentions. The delay in filing the appeal was condoned due to valid reasons. The rejection of the appellant's claim during the liquidation process was upheld, emphasizing that claims rejected during the Corporate Insolvency Resolution Process cannot be refiled in liquidation. The appellant's claim to be considered a 'Financial Creditor' was denied as it failed to demonstrate disbursement to the corporate debtor as required by the Insolvency and Bankruptcy Code. The tribunal concluded that the appellant's claim was not maintainable and dismissed the appeal. Case-Laws Insolvency and Bankruptcy Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418764