Delay for Claim under CIRP without any Valid Ground: NCLAT refuse to Condones Delay [Read Order]

By Yogitha S. Yogesh - On June 23, 2023 4:30 pm - 2 mins read
Delay -Claim under CIRP -NCLAT- Condones Delay- Delay for Claim under CIRP- NCLAT refuse to Condones Delay-taxscan

The  Chennai bench of the National Company Law Appellate Tribunal(NCLAT) refused to condone the delay in a claim under Corporate Insolvency Resolution Process (`CIRP’)  since it was without any valid ground. Mr ShyamRathod, the `Appellant’ filed an appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016, (IBC), against the `Impugned Order’ whereby the…

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