The appeal was filed by Gail (India) Ltd. against the rejection of I.A. No. 295 of 2020 by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad. The rejection was based on the ground that the claim was submitted belatedly. The appellant argued that lockdown restrictions imposed due to the COVID-19 pandemic caused the delay. The Adjudicating Authority found that the claim was submitted after a delay of approximately four and a half months after the closing date for submission of claims.
Gail (India) Ltd. filed an appeal against the rejection of its I.A. No. 295 of 2020 by the National Company Law Tribunal (NCLT), Ahmedabad Bench. The NCLT rejected the application because the claim was submitted belatedly. The last date for submission of the claim was October 31, 2019, but Gail submitted the claim on May 22, 2020. Gail argued that the delay was due to lockdown restrictions imposed because of the COVID-19 pandemic, which started on March 23, 2020. The NCLAT noted that the lockdown restrictions were imposed more than four and a half months after the closing date for submission of claims. The Gas Sale Transmission Agreement between Gail and the Corporate Debtor was for the period from January 1, 2011, to December 31, 2015. The NCLAT found that the claim
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The appeal was filed by Gail (India) Ltd. against the rejection of I.A. No. 295 of 2020 by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad. The rejection was based on the ground that the claim was submitted belatedly. The appellant argued that lockdown restrictions imposed due to the COVID-19 pandemic caused the delay. The Adjudicating Authority found that the claim was submitted after a delay of approximately four and a half months after the closing date for submission of claims.
Gail (India) Ltd. filed an appeal against the rejection of its I.A. No. 295 of 2020 by the National Company Law Tribunal (NCLT), Ahmedabad Bench. The NCLT rejected the application because the claim was submitted belatedly. The last date for submission of the claim was October 31, 2019, but Gail submitted the claim on May 22, 2020. Gail argued that the delay was due to lockdown restrictions imposed because of the COVID-19 pandemic, which started on March 23, 2020. The NCLAT noted that the lockdown restrictions were imposed more than four and a half months after the closing date for submission of claims. The Gas Sale Transmission Agreement between Gail and the Corporate Debtor was for the period from January 1, 2011, to December 31, 2015. The NCLAT found that the claim
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Lockdown restrictions…
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