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.
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