https://www.taxtmi.com/caselaws?id=774017 The NCLAT Chennai dismissed an appeal challenging a liquidator's rejection of claim dated 24.11.2020. The appellant's initial appeal filed on 16.12.2020 was 22 days late, exceeding the prescribed 14-day limitation period under Section 42 of the Code. Despite opportunities, defects in the appeal remained unrectified for over two years. A subsequent appeal filed on 16.07.2023 for the same rejection was also time-barred. The tribunal held that amended Regulation 16 of IBBI Liquidation Process Regulations 2016 had no retrospective application to claims from assessment years 2011-2017. The appellant failed to establish proof of claim as required under the then-existing provisions, and the second application for identical cause of action was not maintainable. en-us Mon, 30 Jun 2025 00:00:00 +0530 Wed, 02 Jul 2025 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774017 The NCLAT Chennai dismissed an appeal challenging a liquidator's rejection of claim dated 24.11.2020. The appellant's initial appeal filed on 16.12.2020 was 22 days late, exceeding the prescribed 14-day limitation period under Section 42 of the Code. Despite opportunities, defects in the appeal remained unrectified for over two years. A subsequent appeal filed on 16.07.2023 for the same rejection was also time-barred. The tribunal held that amended Regulation 16 of IBBI Liquidation Process Regulations 2016 had no retrospective application to claims from assessment years 2011-2017. The appellant failed to establish proof of claim as required under the then-existing provisions, and the second application for identical cause of action was not maintainable. Case-Laws IBC Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774017