Allowed
M/S Goldline Machining Components v. Official Liquidator of M/S B S Refrigerators Limited
Karnataka HCCA/73/2024
Case brief
AI extract
What is this about?
A company application sought condonation of a 2840-day delay in lodging a claim in Form No.66 before the Official Liquidator of a company in liquidation. Holding that delay cannot defeat the substantive right pending adjudication, the court allowed the application; the Official Liquidator undertook to complete adjudication within eight weeks.
What did the court decide?
Delay of 2840 days condoned; Official Liquidator directed/expected to adjudicate claim within eight weeks subject to furnishing documents.