HDFC HDFC HDFC BANK CASE
HDFC Bak v AMit Facts HDFC Bank had extended credit facilities to R.J. Feeds Pvt. Ltd., which were secured by a corporate guarantee and mortgage created by the corporate debtor, Khadkeshwar Hatcheries Ltd. During the CIRP of the corporate debtor, the Resolution Professional invited claims, but HDFC Bank did not submit its claim within the prescribed period because the principal borrower had not defaulted and the guarantee had not been invoked. After becoming aware of the CIRP, HDFC Bank filed its claim, which the Resolution Professional rejected solely on the ground of delay. HDFC Bank challenged the rejection and sought condonation of delay along with consideration of its claim as a secured financial creditor. Grounds on which the Tribunal directed the Resolution Professional to consider the claim in accordance with law The Tribunal directed the Resolution Professional to consider HDFC Bank's claim in accordance with law because the Resolution Professional had failed to discha...