NCLAT rejects EPFO’s belated ₹34.31 crore claim in Nirmal Lifestyle insolvency case | Image Source: Wikipedia (Representative)
Mumbai: The National Company Law Appellate Tribunal (NCLAT) has rejected the appeal filed by the Regional Provident Fund Commissioner, Employees Provident Fund Organisation (EPFO), challenging the order passed by the NCLT-Mumbai. The NCLT had upheld the decision of the Resolution Professional (RP) rejecting EPFO’s claim of Rs 34,31,98,854.
In its order, the Appellate Tribunal held that when claims are filed belatedly during the insolvency resolution process, the RP’s decision to reject them through a reasoned reply cannot be faulted.
On August 4,…
