https://www.taxtmi.com/caselaws?id=303605 A delayed claim filed by Provident Fund authorities in liquidation proceedings was found to be beyond the prescribed time for submission and not in compliance with the liquidation procedure. The tribunal held that liquidation is a time-bound process, and because the explanation for the substantial delay was neither reasonable nor satisfactory, condonation could not be granted; the application was rejected. en-us Fri, 17 Dec 2021 00:00:00 +0530 Mon, 01 Aug 2022 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303605 A delayed claim filed by Provident Fund authorities in liquidation proceedings was found to be beyond the prescribed time for submission and not in compliance with the liquidation procedure. The tribunal held that liquidation is a time-bound process, and because the explanation for the substantial delay was neither reasonable nor satisfactory, condonation could not be granted; the application was rejected. Case-Laws Insolvency and Bankruptcy Fri, 17 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303605