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Claim Rejected Due to Late Submission Post-CIRP; RP's Decision Upheld Under Regulation 12(2) of 2016 Regulations.

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Full Text of the Document

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....Admissibility of petition - claim submitted beyond 90 days after the CIRP begins - RP has not committed any error or illegality in rejecting the claim applying Regulation 12(2) of the Regulations of 2016 - Adjudicating Authority has no power to reopen the resolution process which has already been closed....