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NATIONAL COMPANY LAW TRIBUNAL
Rajeev Bhardwaj, Judicial Member, Sanjay Puri, Technical Member
Subhendu Mohanty – Appellant
Versus
Sanjay Gupta – Respondent
| Table of Content |
|---|
| 1. factual background of customs claim rejection post-liquidation (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 17 , 29 , 30) |
| 2. applicant's plea for condonation of delay and claim admission (Para 8 , 9 , 10 , 11 , 12) |
| 3. maintainability and time-bar under sections 42, 60(5) (Para 13 , 14 , 15) |
| 4. post-lcd claims inadmissible due to moratorium and timelines (Para 16 , 18 , 19 , 20 , 21) |
| 5. ibc overrides inconsistent laws; strict timeline adherence (Para 22 , 23 , 24) |
| 6. no sufficient cause for condoning 2030-day delay (Para 25 , 26 , 27) |
| 7. only pre-lcd claims admissible; application dismissed (Para 28 , 31 , 32 , 33) |
ORDER
1. This Application has been filed by Shri Subhendu Mohanty, Assistant Commissioner, Paradeep Customs Division, against Sri Sanjay Gupta Liquidator of LANCO Babandh Power Limited, the Corporate Debtor, under Section 60(5) of the Insolvency and Bankruptcy Code and Rules 11 and 49 of the National Company Law Tribunal Rules, 2016, seeking the following prayers.
I. The Hon’ble Tribunal may be pleased to condone the delay of 2030 days in filing the claims before the Respondent Liquidator.
II. The Hon’ble Tribunal may be pleased to direct the Respondent Liquidator for Lanco
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