NCLT Directs Liquidator to Admit Axis Trustee Claim

NCLT Chennai disposes of an application filed by Axis Trustee Services Ltd against GFM Retail Pvt Ltd's liquidator.
The application sought to set aside a rejection order and direct the liquidator to admit and adjudicate a delayed claim.
The liquidator confirmed the claim was rejected solely due to a 166-day delay and had no other objections to its merits.
The tribunal ordered the matter to be put before the liquidator for a decision on the claim's merits.