https://www.taxtmi.com/caselaws?id=420597 Claims in insolvency and liquidation must be pursued through the prescribed statutory mechanism, and a challenge to rejection of a claim by the liquidator is not maintainable before the Adjudicating Authority when the proper appellate route is not used. The appellant's application was therefore rejected. A belated claim filed after the stipulated insolvency period cannot be entertained at the liquidation stage, because the Insolvency and Bankruptcy Code operates on a time-bound scheme intended to preserve certainty in the process. The delayed claim was accordingly refused, and the order declining relief to the claimant was confirmed. en-us Mon, 04 Apr 2022 00:00:00 +0530 Tue, 05 Apr 2022 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420597 Claims in insolvency and liquidation must be pursued through the prescribed statutory mechanism, and a challenge to rejection of a claim by the liquidator is not maintainable before the Adjudicating Authority when the proper appellate route is not used. The appellant's application was therefore rejected. A belated claim filed after the stipulated insolvency period cannot be entertained at the liquidation stage, because the Insolvency and Bankruptcy Code operates on a time-bound scheme intended to preserve certainty in the process. The delayed claim was accordingly refused, and the order declining relief to the claimant was confirmed. Case-Laws Insolvency and Bankruptcy Mon, 04 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420597