https://www.taxtmi.com/caselaws?id=427623 The National Company Law Appellate Tribunal, Chennai dismissed the appeal without costs, upholding the Adjudicating Authority's decision. The Tribunal found the delay in submitting the claim to be significant (672 days) and lacking bona fide, emphasizing adherence to the time-bound nature of the Insolvency and Bankruptcy Code process. Despite arguments regarding failure to invite Public Announcement of Liquidation Order, appreciation of statutory dues, consideration of additional properties, and requests for condonation, the Tribunal affirmed the original decision, underscoring compliance with procedural requirements and timelines under the IBC. en-us Mon, 12 Sep 2022 00:00:00 +0530 Wed, 14 Sep 2022 09:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427623 The National Company Law Appellate Tribunal, Chennai dismissed the appeal without costs, upholding the Adjudicating Authority's decision. The Tribunal found the delay in submitting the claim to be significant (672 days) and lacking bona fide, emphasizing adherence to the time-bound nature of the Insolvency and Bankruptcy Code process. Despite arguments regarding failure to invite Public Announcement of Liquidation Order, appreciation of statutory dues, consideration of additional properties, and requests for condonation, the Tribunal affirmed the original decision, underscoring compliance with procedural requirements and timelines under the IBC. Case-Laws Insolvency and Bankruptcy Mon, 12 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427623