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IBC - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Condonation of delay of 796 days delay in filing the claim ...


796-Day Delay in Filing Claim Denied as Liquidator Adheres to IBC 2016 One-Year Timeframe for Liquidation Process.

May 11, 2021

Case Laws     Insolvency and Bankruptcy     Tri

Condonation of delay of 796 days delay in filing the claim before the Liquidator - In view of the IBC, 2016 being a time bound process as well as the Learned Liquidator being under a compulsion to complete the liquidation process within a period of one year from the date of commencement of liquidation, the application is dismissed. - Tri

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