The Employees' Provident Fund Organization (EPFO) filed two Company Appeals (AT) (CH) (Ins) No. 193/2025 and 194/2025 against Dr. Madurai Sundaram Sankar, the Resolution Professional (RP) of M/s. Neueon Towers Limited, and a consortium of M/s. Preca Solutions India Private Limited, Mr. Madala Srinivasu, and Ms. Madala Anithaa, the Successful Resolution Applicant (SRA) of M/s. Neueon Towers Limited. The appeals challenged an order dated 2025-01-29 passed in IA No. 2245/2024, where the EPFO sought directions to the RP to accept their claim under Section 42 of the I&B Code. The EPFO had previously filed similar applications (IA No. 42/2021 and IA(IBC) No. 236/2021) in CP(IB) No. 679/7/HDB/2018, which were adjudicated upon. The Tribunal rejected the EPFO's
…The Employees' Provident Fund Organization (EPFO) filed Company Appeals against the Resolution Professional (RP) and Successful Resolution Applicant (SRA) of M/s. Neueon Towers Limited, challenging an order passed in IA No. 2245/2024. In IA No. 2245/2024, the EPFO sought directions to the RP to accept their claim under Section 42 of the I&B Code. The EPFO had previously filed similar applications (IA No. 42/2021 and IA(IBC) No. 236/2021) in CP(IB) No. 679/7/HDB/2018, which were adjudicated upon. The Tribunal rejected the EPFO's applications, citing res judicata and abuse of process. The SRA had already made a provision of Rs. 47,28,242/- for EPF dues. The EPFO filed IA No. 2246/2024, seeking a direction to the RP to accept their claim of Rs. 41,87,527/- along with
…Sign in to view the parties.
Order passed in IA No.…
Order passed by the Tribunal closing the…
The Employees' Provident Fund Organization (EPFO) filed two Company Appeals (AT) (CH) (Ins) No. 193/2025 and 194/2025 against Dr. Madurai Sundaram Sankar, the Resolution Professional (RP) of M/s. Neueon Towers Limited, and a consortium of M/s. Preca Solutions India Private Limited, Mr. Madala Srinivasu, and Ms. Madala Anithaa, the Successful Resolution Applicant (SRA) of M/s. Neueon Towers Limited. The appeals challenged an order dated 2025-01-29 passed in IA No. 2245/2024, where the EPFO sought directions to the RP to accept their claim under Section 42 of the I&B Code. The EPFO had previously filed similar applications (IA No. 42/2021 and IA(IBC) No. 236/2021) in CP(IB) No. 679/7/HDB/2018, which were adjudicated upon. The Tribunal rejected the EPFO's
…The Employees' Provident Fund Organization (EPFO) filed Company Appeals against the Resolution Professional (RP) and Successful Resolution Applicant (SRA) of M/s. Neueon Towers Limited, challenging an order passed in IA No. 2245/2024. In IA No. 2245/2024, the EPFO sought directions to the RP to accept their claim under Section 42 of the I&B Code. The EPFO had previously filed similar applications (IA No. 42/2021 and IA(IBC) No. 236/2021) in CP(IB) No. 679/7/HDB/2018, which were adjudicated upon. The Tribunal rejected the EPFO's applications, citing res judicata and abuse of process. The SRA had already made a provision of Rs. 47,28,242/- for EPF dues. The EPFO filed IA No. 2246/2024, seeking a direction to the RP to accept their claim of Rs. 41,87,527/- along with
…Order passed in IA No.…
Order passed by the Tribunal closing the…