Operational Creditor’s Claim Filed 398 Days Beyond Liquidation Deadline Rejected: NCLT Declines to Reopen Advanced Liquidation Process [Read Order]

The National Company Law Tribunal (NCLT) has dismissed an application filed by ICP (India) Private Limited seeking admission of its operational debt claim against Southern Batteries Private Limited during liquidation, holding that a claim submitted 398 days after the prescribed deadline cannot be entertained once the liquidation process has substantially progressed. The Corporate Insolvency Resolution…

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