CLAIM FILED BY 'EXCISE COMMISSIONER' 1 YEAR AFTER APPROVAL OF RESOLUTION PROFESSIONAL COULDN'T BE ACCEPTED U/R 12 OF INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2016: NCLT Where the applicant, the Excise and Taxation Commissioner, submitted an application after a period of more than one year following the approval of a resolution plan by the Adjudicating Authority, seeking acceptance of claim/revised claim regarding statutory dues of department, the Adjudicating Authority found that the applicant did not meet the requirements for acceptance of claim/revised claim. With a team of Commercial Law experts, Reddy & Reddy Law Firm has extensive experience and involvement in commercial disputes, including Insolvency Proceedings. We are regularly involved in representations before NCLT, NCLAT, DRT and other commercial tribunals in India.