2019 (3) TMI 1691

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....instant application with a prayer for direction to the IRP/RP to consider and admit its claim by including it in the list of the Operation Creditor of the Corporate Debtor. The claim of the department has been considered and rejected by communication dated 12.11.2018 on the ground that the claim has been filed belatedly. The aforesaid position emerges from reading of para 6, 7 & 8 which are quoted verbatim reads as under:- "This is in context with the Memorandum cum Notice dated 10 October 2018 submitted by you (Attached herewith) with ARGL Limited amounting to 1/ -along with interest and penalty. 1. This present reply is in pursuance of the above referred Memorandum cum Notice dated 10 October 2018 and form B dated 01 November 2018 s....

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....esent case was appointed vide orders of this Hon'b1e-Tribunals dated 16 March 2018 and the public announcement was made on 21 March 2018. Thus, the last date for submission of claims as per the public announcement was 30 March 2018. 5. Further, Regulations 12(2) of CIR Regulations specifies the timeline within which a claim must be submitted to the Resolution Professional by a creditor who fails to submit the claim with the timelines stipulated in the public announcement may submit the claim on or before the 90th day of the Insolvency Commencement Date, which in the present case is 16 March 2018. Thus, the time for submission of the claim even as per Regulation 12 of CIR Regulations expired on 14 June, 2018. 6. It is pertinent to ....