Adept Technology Pvt. Ltd.

NCLT Chennai Bench declines condonation of 672 days extraordinary delay in filing of claim of Regional Provident Fund Commissioner – The Regional Provident Fund Commissioner and Recovery Officer Vs. Adept Technology Pvt. Ltd. Through Liquidator – NCLT Chennai Bench

The Adjudicating Authority held that extraordinary delay of 672 days in submission of claim by applicant(The Regional Provident Fund Commissioner and Recovery Officer), is devoid of merits. Further in interest of Justice also we cannot condone the delay sought for. Further, if such extraordinary delay is condone, it shall defeat the very purpose of the IBC enactment, which is a time bound process.

NCLT Chennai Bench declines condonation of 672 days extraordinary delay in filing of claim of Regional Provident Fund Commissioner – The Regional Provident Fund Commissioner and Recovery Officer Vs. Adept Technology Pvt. Ltd. Through Liquidator – NCLT Chennai Bench Read Post »

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