https://www.taxtmi.com/caselaws?id=802373 Liquidation regulations contemplate claims as at the liquidation commencement date, while the insolvency code recognises disputed or unquantified rights to payment as claims. Permission to assess tax during liquidation does not restart the deadline for submitting a claim to the liquidator. A timely challenge to rejection is distinct from timely submission of the underlying claim. An explanation limited to the period after assessment does not account for earlier delay, and reopening the stakeholder list may disrupt time-bound liquidation and distribution. If a claim first arises after liquidation commences, it falls outside the claims contemplated by the regulations. en-us Thu, 29 Oct 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802373 Liquidation regulations contemplate claims as at the liquidation commencement date, while the insolvency code recognises disputed or unquantified rights to payment as claims. Permission to assess tax during liquidation does not restart the deadline for submitting a claim to the liquidator. A timely challenge to rejection is distinct from timely submission of the underlying claim. An explanation limited to the period after assessment does not account for earlier delay, and reopening the stakeholder list may disrupt time-bound liquidation and distribution. If a claim first arises after liquidation commences, it falls outside the claims contemplated by the regulations. Case-Laws IBC Thu, 29 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802373