https://www.taxtmi.com/caselaws?id=419912 The Appellate Tribunal set aside the Impugned Order in the case involving an appeal by the Resolution Professional against the Adjudicating Authority's decision to allow a delayed claim in the Corporate Insolvency Resolution Process. The Tribunal emphasized the importance of maintaining efficiency in insolvency proceedings and concluded that including the delayed claim at an advanced stage would disrupt the resolution process. Therefore, the Respondent's claim was not admitted, and parties were directed to bear their own costs. en-us Tue, 22 Mar 2022 00:00:00 +0530 Wed, 23 Mar 2022 08:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419912 The Appellate Tribunal set aside the Impugned Order in the case involving an appeal by the Resolution Professional against the Adjudicating Authority's decision to allow a delayed claim in the Corporate Insolvency Resolution Process. The Tribunal emphasized the importance of maintaining efficiency in insolvency proceedings and concluded that including the delayed claim at an advanced stage would disrupt the resolution process. Therefore, the Respondent's claim was not admitted, and parties were directed to bear their own costs. Case-Laws Insolvency and Bankruptcy Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419912