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 herein seeking Condonation of Delay of 49 days in filing of the Claim under Form – C. Conclusion-...