Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2020 (10) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (10) TMI 216 - Tri - Insolvency and BankruptcyLiquidation of Corporate Debtor - contention of the Liquidator that the claim filed by the applicant was beyond the period prescribed in the announcement and as such it cannot be admitted - HELD THAT:- Admittedly, the applicant had not submitted the claim on merits. We are aware, it is for the Liquidator to decide on merits whether the claim of the applicant to be admitted or rejected. We only direct the Liquidator to examine the claim of the applicant on its merits and could decide whether to admit or reject. We cannot direct the. Liquidator to admit the claim. It is for the Liquidator to decide the claim on its merits. We can only condone the delay in filing the claim before the Liquidator. The applicant will be put to inconvenience if the same is not entertained at the threshold. We are convinced that the delay in filing a claim before the Liquidator can be condoned. In order to meet the ends of justice, we can condone the delay which will not in any way affect the liquidation process already started. Therefore, there are grounds to allow the application. Application allowed.
|