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2020 (2) TMI 1714 - Tri - Insolvency and BankruptcyRejection of the claim made before the Resolution Professional - rejection solely on the ground of delay - Sufficient reason given for delay or not - HELD THAT:- This adjudicating Authority is of the view that it is a settled law that the claim cannot be rejected by RP solely on the ground of delay by the applicants in filing their claim Moreover, sufficient reason has been shown for delay occurred in filing claim by the applicants before RP and the RP can be directed to accept the claim of the applicants to be considered by it on its merits and subject to proper verification, which will only be in consonance with the purpose sought to be achieved by the IBC. The RP is further directed to accept the claim of the applicant and is at liberty to verify and determine based on material produced before it and to act accordingly. Application allowed.
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