NCLT allows admission of (rejected) claims at liquidation stage

Varun Marwah June 20 2018
NCLT Kochi, Sirpur Paper Mills, Merger, Indian Company

A Delhi Bench of the National Company Law Tribunal (NCLT) has ruled that claims made by creditors that were not admitted by the resolution professional during moratorium, can be admitted at the stage of liquidation by the liquidator.

The claim was filed by an operational creditor, SBS Transpole Logistics Pvt. Ltd. (claimant), in the liquidation process against corporate debtor, MM Cargo Container Pvt. Ltd.

In this particular case, the claimant was unable to file its claim in time, both . . .

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