Condonation in filing of claim under Form-C based on bald explanation not allowable: NCLAT

Toral Rathod Vs Gopalsamy Ganesh Babu (NCLAT Chennai)

NCLAT Chennai held that condonation in filing of claim under Form-C based on bald explanation without sufficient cause for the delay is not allowable.

Facts- This Appeal is preferred by Mr. Toral Rathod/the Appellant under Section 61 of the Insolvency and Bankruptcy Code, 2016, (The Code), against the Impugned Order dated 12.05.2023 whereby the Tribunal/Adjudicating Authority has dismissed the said Application filed by the Appellant/Applicant herei

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