https://www.taxtmi.com/caselaws?id=301508 The Supreme Court's COVID-19 limitation orders excluded the period from 15.03.2020 to 14.03.2021 in computing limitation for proceedings and extended that protection to laws prescribing limitation periods and outer limits for condonation. A claim filed before the Resolution Professional after the original claims period, and the connected application under section 60(5) of the Insolvency and Bankruptcy Code, fell within that protected period. The authorities erred in treating the claim as time-barred despite the binding exclusion period, and the delay could not be treated as fatal. The claimant was entitled to have the claim entertained with delay condoned. en-us Mon, 29 Nov 2021 00:00:00 +0530 Wed, 06 Apr 2022 22:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301508 The Supreme Court's COVID-19 limitation orders excluded the period from 15.03.2020 to 14.03.2021 in computing limitation for proceedings and extended that protection to laws prescribing limitation periods and outer limits for condonation. A claim filed before the Resolution Professional after the original claims period, and the connected application under section 60(5) of the Insolvency and Bankruptcy Code, fell within that protected period. The authorities erred in treating the claim as time-barred despite the binding exclusion period, and the delay could not be treated as fatal. The claimant was entitled to have the claim entertained with delay condoned. Case-Laws Insolvency and Bankruptcy Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301508