https://www.taxtmi.com/caselaws?id=425217 A belated insolvency claim filed 936 days after liquidation commencement was not condoned because the explanation for the delay was found unacceptable. The tribunal stressed that liquidation is a time-bound process, that the length of delay is less important than the sufficiency of the cause shown, and that a statutory body receives no special indulgence merely by reason of its status. In the absence of sufficient cause, a delayed claim cannot be revived, and the rejection of the late claim was upheld. en-us Mon, 11 Jul 2022 00:00:00 +0530 Tue, 19 Jul 2022 09:21:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425217 A belated insolvency claim filed 936 days after liquidation commencement was not condoned because the explanation for the delay was found unacceptable. The tribunal stressed that liquidation is a time-bound process, that the length of delay is less important than the sufficiency of the cause shown, and that a statutory body receives no special indulgence merely by reason of its status. In the absence of sufficient cause, a delayed claim cannot be revived, and the rejection of the late claim was upheld. Case-Laws Insolvency and Bankruptcy Mon, 11 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425217