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TMI Blog2020 (2) TMI 1714X X X X Extracts X X X X X X X X Extracts X X X X ..... the ground of delay - Sufficient reason given for delay or not - HELD THAT:- This adjudicating Authority is of the view that it is a settled law that the claim cannot be rejected by RP solely on the ground of delay by the applicants in filing their claim Moreover, sufficient reason has been shown for delay occurred in filing claim by the applicants before RP and the RP can be directed to accept th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e for filling the claims and the Applicant filed its financial claims before the RP on 4th December, 2019 for admission of claim and the reason given by the Applicants for the delay is that the applicant was not aware of the initiation of the CIR process made by the RP since the public announcement was made in two widely circulated newspapers in the region of the registered office of the corporate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3th November, 2019 and The RP has not been vested with such power to receive the claim beyond prescribed time limit. 5. The learned counsel for the applicant has relied on the judgment of the apex court namely "Vijay Kumar Jain vs. Standard Charted Bank & Ors. 20169 SCC Online 103" and "Swiss Ribbons Put. Ltd. v. Union of India 2019 (1) SCC 17" wherein it stated the RP has not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a settled law that the claim cannot be rejected by RP solely on the ground of delay by the applicants in filing their claim Moreover, sufficient reason has been shown for delay occurred in filing claim by the applicants before RP and the RP can be directed to accept the claim of the applicants to be considered by it on its merits and subject to proper verification, which will only be in consonance ..... X X X X Extracts X X X X X X X X Extracts X X X X
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