Asean International Limited filed an appeal against an order dated 17.10.2023 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench-I) in I.A. No. 1795 of 2023 in CP (IB) No. 247 (MB)/2017. The Adjudicating Authority had dismissed IA No. 1795 of 2023 filed by the Appellant and rejected the claim submitted by the Appellant before the Liquidator. The appeal concerns a claim for unpaid supplies made to the Corporate Debtor, Varun Resources Ltd., during its Corporate Insolvency Resolution Process (CIRP). The Appellant claimed interest on delayed payments, which was not initially included in their claim filed before the Liquidator. The Liquidator rejected the claim, leading to the present appeal.
The Corporate Debtor, Varun Resources Ltd., was admitted into CIRP on 14.06.2017. The Appellant, Asean International Limited, supplied bunkers, fuels, fresh water, and oil to three vessels owned by the Corporate Debtor between 23-27 July 2017, based on the request of the RP. Three invoices were raised for USD 173,182.97. The Respondent accepted the principal amount of USD 173,183.17 as liability towards supplies. No resolution plan was approved, leading to liquidation. The Liquidator issued a public announcement on 06.12.2018, setting 02.01.2019 as the last date for claim submission. The Appellant requested an extension to file claims on 22.01.2019, which was denied. The Appellant filed their claim on 22.03.2019, which the Liquidator rejected on 30.03.2019, as it was
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Corporate Debtor, M/s Varun Resources Ltd.,…
Appellant supplied bunkers, fuels, fresh…
Asean International Limited filed an appeal against an order dated 17.10.2023 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench-I) in I.A. No. 1795 of 2023 in CP (IB) No. 247 (MB)/2017. The Adjudicating Authority had dismissed IA No. 1795 of 2023 filed by the Appellant and rejected the claim submitted by the Appellant before the Liquidator. The appeal concerns a claim for unpaid supplies made to the Corporate Debtor, Varun Resources Ltd., during its Corporate Insolvency Resolution Process (CIRP). The Appellant claimed interest on delayed payments, which was not initially included in their claim filed before the Liquidator. The Liquidator rejected the claim, leading to the present appeal.
The Corporate Debtor, Varun Resources Ltd., was admitted into CIRP on 14.06.2017. The Appellant, Asean International Limited, supplied bunkers, fuels, fresh water, and oil to three vessels owned by the Corporate Debtor between 23-27 July 2017, based on the request of the RP. Three invoices were raised for USD 173,182.97. The Respondent accepted the principal amount of USD 173,183.17 as liability towards supplies. No resolution plan was approved, leading to liquidation. The Liquidator issued a public announcement on 06.12.2018, setting 02.01.2019 as the last date for claim submission. The Appellant requested an extension to file claims on 22.01.2019, which was denied. The Appellant filed their claim on 22.03.2019, which the Liquidator rejected on 30.03.2019, as it was
…Corporate Debtor, M/s Varun Resources Ltd.,…
Appellant supplied bunkers, fuels, fresh…