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IBC - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Admissibility of petition - claim submitted beyond 90 days after ...


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

July 24, 2019

Case Laws     Insolvency and Bankruptcy     Tri

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

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