https://www.taxtmi.com/caselaws?id=313672 A claim lodged more than 500 days after approval of the resolution plan could not be admitted by condoning delay. Under the Insolvency and Bankruptcy Code's time-bound framework, the public announcement in the CIRP under Section 15 and Regulation 6 gives deemed knowledge to stakeholders, so a belated claimant cannot reopen a concluded resolution process. The late filing was therefore not capable of being entertained, and the challenge to rejection of the claim failed. en-us Fri, 22 Sep 2023 00:00:00 +0530 Sat, 27 Apr 2024 15:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313672 A claim lodged more than 500 days after approval of the resolution plan could not be admitted by condoning delay. Under the Insolvency and Bankruptcy Code's time-bound framework, the public announcement in the CIRP under Section 15 and Regulation 6 gives deemed knowledge to stakeholders, so a belated claimant cannot reopen a concluded resolution process. The late filing was therefore not capable of being entertained, and the challenge to rejection of the claim failed. Case-Laws Insolvency and Bankruptcy Fri, 22 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313672