If during extended within 45 days as per Section 421 of the Companies Act, 2013, a party in a position to satisfy the court regarding the reasonable ground for delay, NCLAT may entertain petition – Gursharan Singh Sawhney Vs. Harkiran Kaur Sawhney & Ors. – NCLAT New Delhi

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If at belated stage when the Resolution Applicants are already before the CoC, if new claims keep popping up & are entertained, the CIRP would be jeopardized & Resolution Process may become more difficult – Harish Polymer Product Vs. Mr. George Samuel, RP of Jason Dekor Pvt. Ltd. – NCLAT New Delhi

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Withdrawal of money by Director during CIRP can be treated as criminal misappropriation and criminal breach of trust – Manoj K. Daga Vs. ISGEC Heavy Engineering Limited – NCLAT

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