Condonation of delay in filing ‘Claim under Form-C’ not granted as sufficient cause not shown

Shyam Rathod Vs Gopalsamy Ganesh Babu (NCLAT Chennai) NCLAT Chennai rejected grant of condonation of delay in filing of the ‘Claim under Form-C’ as sufficient cause not shown and IBC is a time bound process. Facts- This Appeal is preferred by the `Appellant’ under Section 61 of the Insolvency and Bankruptcy Code, 2016, against the `Impugned Order’ whereby the Tribunal/`Adjudicating Authority’ has dismissed the said Application filed by the `Appellant’/`Applicant’ herein seeking Condonation of Delay of 49 days in filing of the `Claim under `Form – C’. The `Applicant’/`Appell...