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2022 (10) TMI 199 - NATIONAL COMPANY LAW TRIBUNAL , CHANDIGARH BENCHDirection to consider, accept and include Form B in the list of operational creditors along with the amount of interest - condonation of late submission of the claim - HELD THAT:- It is an established position that the Resolution process is a time-bound one, and any action resulting in delay of the process, and consequent loss in value of the assets of the CD, is against the objectives of the Code. In the present case, the delay in filing of the claims have been way beyond the approval of the resolution plan by the COC. Any acceptance of such delay will violate the basic tenets of IBC, and, hence, the prayer of the applicant can't be acceded to - The prayer of the applicant is not acceded to - Application dismissed. Seeking cancellation/modification of the resolution plan of C Mohan International - Section 36(4)(iii) of the IBC, 2016 - HELD THAT:- The SRA has filed a compliance affidavit by Spl. Diary No. 268 dated 30.08.2022 - In view of the compliance affidavit by SRA, the present application IA No. 519/2021 is rendered infructuous and disposed of accordingly.
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