16/09/2021

Resolution Professional is not duty bound to collate claims which are belatedly received after the last date thereby delaying the entire CIRP which is a time bound process – The Deputy Commissioner Division-VII, Central GST Vs. Mr. Kiran Shah, RP of Vicor Stainless Pvt. Ltd. – NCLAT New Delhi

NCLAT held that the Resolution Professional was not duty bound to collate claims which are belatedly received after the last date thereby delaying the entire CIRP which is a time bound process and further having regard to the fact that the claim of the Appellant was incorporated in the Information Memorandum which was circulated to the Prospective Resolution Applicant and the Members of the Committee of Creditors for their consideration, there is no dereliction of duty on behalf of the IRP/RP as provided for under Sections 18 and 21(1) of the Code.

Resolution Professional is not duty bound to collate claims which are belatedly received after the last date thereby delaying the entire CIRP which is a time bound process – The Deputy Commissioner Division-VII, Central GST Vs. Mr. Kiran Shah, RP of Vicor Stainless Pvt. Ltd. – NCLAT New Delhi Read Post »

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