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2021 (11) TMI 611 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , CHENNAI BENCHRejection of Appellant’s Statement of Claim - claim submitted belatedly delay of 52 days - HELD THAT:- Indisputably, in the present case on hand, ‘Corporate Insolvency Resolution Process’ (CIRP) in respect of the Corporate Debtor was initiated by the Adjudicating Authority as per the order dated 29.10.2019. At the behest of M/s Sri Visveswaraya Co-operative Bank Ltd. the Public Announcement was made on 20.11.2019 by inviting claims of the Creditors of the Corporate Debtor in requisite form and the last date being 04.12.2019. In reality, the estimated date of closure of CIRP was mentioned as 26.04.2020. An extension of time was also granted by the Adjudicating Authority and inasmuch as, the suitable Resolution Plan was not received, the Corporate Debtor was placed under liquidation process on 12.12.2020. Unfortunately, the Appellant/Applicant had submitted its claim only on 04.03.2021 and to come out with the reason that the Appellant/Applicant was not aware of the CIRP and Liquidation Process of the Corporate Debtor are unworthy of acceptance and in the considered opinion of this Tribunal, the said reason was rightly rejected by the ‘Adjudicating Authority’, which requires no interference in the hands of this ‘Appellate Tribunal’. Appeal dismissed.
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