Timelines for submission of claims are directory, not mandatory. Delay alone cannot justify rejection of statutory dues; RP must verify and include them.
CS Professional · Insolvency and Bankruptcy - Law and Practice · PYQS · June 2026
Timelines for submission of claims are directory, not mandatory. Delay alone cannot justify rejection of statutory dues; RP must verify and include them.
Answer & Explanation:
Ghanashyam Mishra and Sons Pvt. Ltd. vs. Edelweiss ARC & Ors.
Topics: Insolvency and Bankruptcy Code, 2016
Related Questions in this Topic
- "A resolution application may submit a resolution plan along with an affidavit stating that he is eligible under section...
- Omega Infotech Private Limited, a corporate debtor, filed an application under Section 10 of the Insolvency and Bankrupt...
- A public sector bank, acting as a financial creditor, filed an application under Section 7 of the Insolvency and Bankrup...
- PQR Manufacturing Limited, a company engaged in the production of industrial equipment, defaulted on its financial oblig...
- Explain briefly on "Actions to avoid acts detrimental to creditors."