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2019 (7) TMI 117 - Tri - Insolvency and BankruptcyInitiation of Corporate Insolvency Resolution Process - Section 10 of the Insolvency and Bankruptcy Code, 2016, R/w Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 - HELD THAT:- As per the provisions of Section 42 of the Insolvency and Bankruptcy Code, 2016, a creditor may appeal to the Adjudicating Authority against the decision of the liquidator within fourteen days of the receipt of the rejection or acceptance of claim. The liquidator vide letter dated 10.10.2018 has rejected the contention of the applicant for being treated as financial creditor and the appeal against the same has been filed on 16.11.2018 with a delay of 22 days, which has neither been explained nor any application for condonation of delay has been filed - the application being time barred stands rejected.
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