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NATIONAL COMPANY LAW TRIBUNAL
Brajendra Mani Tripathi, J, Man Mohan Gupta, T
Office of the Assistant Commissioner through Mr. Rajesh Mansharamani – Appellant
Versus
Shri Ishwari Lal Kalantri Liquidator of Sagar Automobiles Pvt Ltd – Respondent
| Table of Content |
|---|
| 1. interlocutory application filed under section 42 of the ibc. (Para 1 , 3 , 4 , 5 , 6) |
| 2. claims must be filed within statutory timelines as per ibc. (Para 8 , 10 , 29 , 30) |
| 3. court emphasizes importance of timely claims submission. (Para 38 , 41 , 43 , 46) |
| 4. inordinate delay in claim submission cannot be condoned. (Para 40 , 50 , 51 , 55) |
ORDER
Delivered on: 20.03.2026
1. The present Interlocutory application has been filed Under section 42 of the Insolvency and bankruptcy code, 2016 (“ibc”) on 14.08.2025, challenging the decision dated 04.08.2025 passed by the Respondent/Liquidator rejecting the claim of the Applicant.
2. The Applicant is the Office of the Assistant Commissioner, CGST Division IV, Indore, acting through its authorised representative, whereas the Respondent is Shri Ishwari Lal Kalantri, Liquidator of Sagar Automobiles Pvt. Ltd.
Applicant’s case in brief:
3. It is submitted that this Adjudicating Authority, vide order dated 28.07.2023 in CP (IB) No. 37/MP/2021, ordered liquidation of M/s Sagar Automobiles Pvt. Ltd. and appointed Mr. Ishwari Lal Kalantri as Liquidator. In pursuance thereof, public announcement in Form B was issued on 08.08.2023 in accorda
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