State Bank of India filed an application against Surya Pharmaceuticals Ltd. The Resolution Professional (RP) rejected a claim filed by the applicant because it was filed beyond the 90-day period. The RP's rejection was based on the delay in filing the claim. The court noted that it had previously clarified that the provisions regarding the stipulated period for filing claims are not mandatory. A reference was made to a previous order in CA No. 727(PB)/2019 (CP No. (IB)-737(PB)/2018) concerning Twenty first Century Wire Rods Ltd., decided on 01.05.2019. The court directed the RP to consider the claim on its merits, setting aside the rejection based on delay.

State Bank of India filed an application against Surya Pharmaceuticals Ltd. The Resolution Professional (RP) rejected a claim filed by the applicant because it was filed beyond the 90-day period. The RP's rejection was based on the delay in filing the claim. The court noted that it had previously clarified that the provisions regarding the stipulated period for filing claims are not mandatory. A reference was made to a previous order in CA No. 727(PB)/2019 (CP No. (IB)-737(PB)/2018) concerning Twenty first Century Wire Rods Ltd., decided on 01.05.2019. The court directed the RP to consider the claim on its merits, setting aside the rejection based on delay.