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2018 (3) TMI 573 - Tri - Insolvency and BankruptcyCondonation of delay - Rejection of Financial Creditors claim by the Liquidator as per an order of rejection by way of an Electronic Mail - whether the adjudicating authority can condone the delay and direct the liquidator to reconsider the claim on its merits? - Held that:- On reading of Rules 177 and 178, of the Companies (Court) Rules, 1959 and reading section 40(1) of the Code, it appears that one more opportunity can be allowed to the claimant here in the instant case who failed in submission of its claim in time. But there is no undue delay though the reason for the delay in submission of the claim is found not at all satisfactory. Delay condoned.
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