https://www.taxtmi.com/highlights?id=65739 CIRP - admission of belated claim - financial debt - It is apt to note that one of the most crucial principle is time is essence in any resolution process within which the process has to be completed in a time bound manner as contemplated under the Code - this Tribunal find that the claim of the 1st Respondent herein is belated and cannot be considered and the finding of the Adjudicating Authority in directing the RP to place the claim in Form-C before CoC per se illegal and unsustainable - AT en-us Wed, 21 Sep 2022 13:01:55 +0530 Wed, 21 Sep 2022 13:01:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65739 CIRP - admission of belated claim - financial debt - It is apt to note that one of the most crucial principle is time is essence in any resolution process within which the process has to be completed in a time bound manner as contemplated under the Code - this Tribunal find that the claim of the 1st Respondent herein is belated and cannot be considered and the finding of the Adjudicating Authority in directing the RP to place the claim in Form-C before CoC per se illegal and unsustainable - AT Highlights Insolvency and Bankruptcy Wed, 21 Sep 2022 13:01:55 +0530 https://www.taxtmi.com/highlights?id=65739