The case involves an appeal against the liquidator's rejection of a claim made by the applicant due to a delay in filing. The liquidator had issued a public notice on 2018-02-19, setting a 30-day period for claim submissions, which ended on 2018-03-18. The appellant submitted their claim based on a judgment and decree dated 2016-02-11 from a Civil Court in Aurangabad. The liquidator rejected the claim on 2018-08-04, citing that it was received after the 30-day period, thus being time-barred under Section 38(1) of the IBC, 2016.
Clutch Auto Limited is undergoing a corporate insolvency resolution process under the IBC. A public notice was issued on 2018-02-19, setting a 30-day period for submitting claims, which ended on 2018-03-18. An applicant submitted a claim based on a judgment and decree dated 2016-02-11 from a Civil Court in Aurangabad. The liquidator rejected the claim on 2018-08-04 because it was filed after the deadline, citing Section 38(1) of the IBC, 2016. The applicant appealed, stating they were unaware of the public announcement. The court noted that the liquidation process was ongoing and other claims were under consideration. The applicant sought condonation of the delay of approximately four months in filing the claim.
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Liquidator issued a…
The 30-day per…
The case involves an appeal against the liquidator's rejection of a claim made by the applicant due to a delay in filing. The liquidator had issued a public notice on 2018-02-19, setting a 30-day period for claim submissions, which ended on 2018-03-18. The appellant submitted their claim based on a judgment and decree dated 2016-02-11 from a Civil Court in Aurangabad. The liquidator rejected the claim on 2018-08-04, citing that it was received after the 30-day period, thus being time-barred under Section 38(1) of the IBC, 2016.
Clutch Auto Limited is undergoing a corporate insolvency resolution process under the IBC. A public notice was issued on 2018-02-19, setting a 30-day period for submitting claims, which ended on 2018-03-18. An applicant submitted a claim based on a judgment and decree dated 2016-02-11 from a Civil Court in Aurangabad. The liquidator rejected the claim on 2018-08-04 because it was filed after the deadline, citing Section 38(1) of the IBC, 2016. The applicant appealed, stating they were unaware of the public announcement. The court noted that the liquidation process was ongoing and other claims were under consideration. The applicant sought condonation of the delay of approximately four months in filing the claim.
Liquidator issued a…
The 30-day per…