NCLAT dismisses appeal on late claim filing in liquidation
In short
NCLAT dismissed an appeal over a claim linked to a liability that was fixed after liquidation had started. The summary says the tribunal held that this later date did not decide when the claim had to be filed.
This matters because the claim was not allowed as late. The reporting does not say the amount, the parties, or the exact timeline.
What the reporting says
NCLAT dismissed an appeal over a claim tied to a liability determined after liquidation began, saying the date of crystallisation does not decide when the claim must be filed. The publisher summary says the tribunal held the claim could not be admitted out of time. The reporting does not state the parties involved, the underlying amount, or the exact filing deadline at issue.
Why it matters
NCLAT dismissed an appeal involving a claim that arose after liquidation had already started, according to the publisher summary. The tribunal held that the date when the liability was crystallised did not control the filing timeline, and that the claim could not be admitted beyond the limit. The reporting does not identify the claimant, the corporate debtor, or any amount in dispute.