2019 (5) TMI 1913 - Tri - Companies Law

Condonation of delay in filing the claim - last date fixed for filing the claim in the public notice is 18.12.2018 whereas the claim was filed on 05.03.2019 - HELD THAT - The resolution plan submitted by the resolution plan applicant are under consideration of the CoC. The CoC is likely to meet to consider the resolution plan. Therefore, there is still time for consideration the claim as the CIR Process is not yet over. Accordingly, we direct the RP to consider the claim without rejecting it on the ground of delay. The claim of the applicant is considered. The delay is condoned - Application allowed.

Summary

The Tribunal allowed the application to condone the delay in filing a claim by AMA Agencies Pvt. Ltd. The delay was condoned as the resolution plan was still under consideration by the Committee of Creditors (CoC). The Resolution Professional was directed to consider the claim without rejecting it due to the delay. The application was allowed and the claim was considered.