Kesari Nandan Traders, a proprietorship firm engaged in grain and coal trading, filed an appeal against an order dated 07.05.2024, where the Learned Tribunal rejected its application seeking a direction to the Resolution Professional to admit a claim of Rs.7,29,96,779/-. The Appellant argued that the Learned Tribunal should have considered the materials submitted in support of its claim. The Appellant also filed IA No.481/2025 for advance hearing and IA No.543/2024 for raising a claim under Section 60(5) of the I&B Code, 2016.
Kesari Nandan Traders, a proprietorship firm, is engaged in the business of DDGS (Distillers dried grains & solubles), grain, and coal trading. The firm filed an application seeking a direction to the Resolution Professional to admit a claim of Rs.7,29,96,779/-. This application was rejected by the Learned Tribunal via an order dated 07.05.2024. The Appellant preferred an appeal against the Impugned Order on 16.06.2024. The Appellant also filed IA No.543/2024, invoking Section 60(5) of the I&B Code, 2016, seeking admission of the claim and a stay on the Corporate Insolvency Resolution Process. The Appellant contended that the Impugned Order was passed without application of mind and was a non-speaking order, failing to disclose reasons for accepting or
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The Learned Tribunal rejected the Appellant's…
The Appellant preferred…
Kesari Nandan Traders, a proprietorship firm engaged in grain and coal trading, filed an appeal against an order dated 07.05.2024, where the Learned Tribunal rejected its application seeking a direction to the Resolution Professional to admit a claim of Rs.7,29,96,779/-. The Appellant argued that the Learned Tribunal should have considered the materials submitted in support of its claim. The Appellant also filed IA No.481/2025 for advance hearing and IA No.543/2024 for raising a claim under Section 60(5) of the I&B Code, 2016.
Kesari Nandan Traders, a proprietorship firm, is engaged in the business of DDGS (Distillers dried grains & solubles), grain, and coal trading. The firm filed an application seeking a direction to the Resolution Professional to admit a claim of Rs.7,29,96,779/-. This application was rejected by the Learned Tribunal via an order dated 07.05.2024. The Appellant preferred an appeal against the Impugned Order on 16.06.2024. The Appellant also filed IA No.543/2024, invoking Section 60(5) of the I&B Code, 2016, seeking admission of the claim and a stay on the Corporate Insolvency Resolution Process. The Appellant contended that the Impugned Order was passed without application of mind and was a non-speaking order, failing to disclose reasons for accepting or
…The Learned Tribunal rejected the Appellant's…
The Appellant preferred…