NCLT condones the delay of 1191 days in submission of the proof of claim by SEBI – Edelwiss Assets Reconstruction Co. Ltd. Vs. Falcon Tyres Ltd. – NCLT Bengaluru Bench

This application has been filed by SEBI seeking to condone the delay of 1191 days in submission of the proof of claim by the Applicant before the Liquidator in the liquidation process of the Corporate Debtor etc. NCLT held that in the circumstances, and for the reasons mentioned in the application and since the liquidation is still going on, the instant I.A. is allowed as a. The delay in preferring the claim by the Applicant is condoned; b. The Liquidator is directed to consider the claim of the Applicant in accordance with the Code and Regulations made thereunder and to pass an appropriate order within one week from the date of receipt of this order and communicate the same to the Applicant forthwith thereafter.

Scroll to Top