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IBC - Highlights / Catch Notes

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CIRP - Financial Creditor or not - Nothing prevented them from ...


Party's Delay in Filing Claims Leads to Loss of Financial Creditor Status in CIRP Case.

September 4, 2023

Case Laws     Insolvency and Bankruptcy     AT

CIRP - Financial Creditor or not - Nothing prevented them from filing their claims but instead they chose to adopt a wait and watch strategy - having failed to file their claim in the appropriate format and in a timely manner due to their own negligence, they should be ready to suffer the consequences of late and improper filing. - AT

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