2024 (6) TMI 1582

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....H) (Ins) No. 207/2024 (IA No. 567 / 2024) - -<br>Insolvency & Bankruptcy<br>JUSTICE SHARAD KUMAR SHARMA MEMBER (JUDICIAL) AND JATINDRANATH SWAIN MEMBER (TECHNICAL) For the Appellant : Mr. B. Vijay, Addl. Govt. Pleader For the Respondent : Ms. Ramya, Advocate ORDER The instant Appeal has been filed against the impugned Order dated 03.05.2024 of Learned Adjudicating Authority NCLT, Chenn....

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....orporate Debtor on 06.01.2022. Thus, the Liquidation proceedings were initiated against the Corporate Debtor under the Insolvency and Bankruptcy Code, 2016, and the same has culminated in the year 2022. (3) The Appellant preferred a Claim before IRP on 14.03.2023. As Liquidation had commenced, the Liquidator processed the Claim and rejected it as `time barred', as being received 14 months....

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....nal chance was also given by the Learned Adjudicating Authority on 22.03.2024 to file reply, within two weeks, in the said proceeding. However, the Appellant had chosen not to file any response, citing technical difficulty. Accordingly, the Learned Adjudicating Authority, has set the Respondent (Appellant herein) as exparte and heard the case on merit and passed the Impugned Order on 03.05.2024....

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....to be lifted and the Appellant has been directed to release the attachment which was made in 2014, owing to the fact that the liquidation proceedings have already been completed in 2022 and the property which was attached in 2014 have come to form part of Liquidation Estate. Owing to the fact that the Appellant has not been diligent enough to submit his Claims in time and has submitted his Clai....