https://www.taxtmi.com/caselaws?id=766260 The NCLAT dismissed an appeal challenging the Liquidator's rejection of a belated claim. The Appellant failed to file their claim within the prescribed timeline under the public announcement and subsequently filed a belated claim without interest component. When later claiming interest, the NCLAT held this was an afterthought not substantiated at the time of original filing. The Appellant's attempt to circumvent Section 42 IBC remedy by filing under Section 60(5) was rejected. The NCLAT upheld that claims must be filed within prescribed timelines, interest must be included in original claims, and the Liquidator's conduct in seeking NOC for sub-contractor settlements was justified within his duties. en-us Thu, 20 Feb 2025 00:00:00 +0530 Fri, 21 Feb 2025 08:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766260 The NCLAT dismissed an appeal challenging the Liquidator's rejection of a belated claim. The Appellant failed to file their claim within the prescribed timeline under the public announcement and subsequently filed a belated claim without interest component. When later claiming interest, the NCLAT held this was an afterthought not substantiated at the time of original filing. The Appellant's attempt to circumvent Section 42 IBC remedy by filing under Section 60(5) was rejected. The NCLAT upheld that claims must be filed within prescribed timelines, interest must be included in original claims, and the Liquidator's conduct in seeking NOC for sub-contractor settlements was justified within his duties. Case-Laws IBC Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766260