https://www.taxtmi.com/caselaws?id=461155 The NCLT Mumbai dismissed the applicant's claim challenging the liquidator's modification of their admitted amount. The applicant failed to file their claim within prescribed time limits under liquidation regulations, though the liquidator was aware of bunker supplies and admitted the principal amount after deducting settlements made with the applicant's suppliers before Admiralty Court. The tribunal rejected the applicant's interest claim as it was not initially asserted when filing the claim form, despite debit notes issued later. The court found no merit in restraining distribution of liquidation proceeds or reimbursing legal costs, noting the application circumvented Section 42 remedies and exceeded statutory appeal periods. en-us Tue, 17 Oct 2023 00:00:00 +0530 Tue, 18 Mar 2025 19:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461155 The NCLT Mumbai dismissed the applicant's claim challenging the liquidator's modification of their admitted amount. The applicant failed to file their claim within prescribed time limits under liquidation regulations, though the liquidator was aware of bunker supplies and admitted the principal amount after deducting settlements made with the applicant's suppliers before Admiralty Court. The tribunal rejected the applicant's interest claim as it was not initially asserted when filing the claim form, despite debit notes issued later. The court found no merit in restraining distribution of liquidation proceeds or reimbursing legal costs, noting the application circumvented Section 42 remedies and exceeded statutory appeal periods. Case-Laws IBC Tue, 17 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461155