NCLT Rejects Operational Creditor’s Claim as It Was Filed 398 Days After Liquidation Deadline

Allahabad Bank Vs Southern Batteries Private Limited (NCLT Bengaluru) The National Company Law Tribunal (NCLT), Bengaluru Bench, dismissed an application filed under Section 42 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to challenge the rejection of an operational creditor’s claim by the liquidator and to condone the delay in submission of that claim during the liquidation process. The Tribunal held that the application was barred by limitation both in respect of the delayed filing of the appeal under Section 42 and the delayed submission of the claim before the liquidato...