This case involves an appeal against an order passed by the Adjudicating Authority, which rejected I.A. No. 3991 of 2023 filed by the Appellant for accepting their claim in the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. The CIRP commenced on 19.04.2023. The Appellant claims that Rs. 40 lakhs was given to the Corporate Debtor, reflected in a bank transaction with HDFC Bank. Initially, a claim form was filed in Form 'C' claiming Rs. 40 lakhs as financial debt with interest. The Resolution Professional (RP) acknowledged the receipt of the claim form.
The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor commenced on 2023-04-19. The Appellant, Paresh Govindbhai Hirpara, claims that Rs. 40 lakhs was given to the Corporate Debtor, as reflected in a bank transaction with HDFC Bank. Initially, the Appellant filed a claim in Form 'C' for Rs. 40 lakhs as a financial debt with interest. The Resolution Professional (RP) acknowledged receipt of this claim. Later, the Appellant filed a claim in Form CA, supported by an MoU indicating the allotment of Shop No. G-34. The RP rejected the claim, citing inconsistencies between the initial claim as a financial debt and the subsequent claim as an allottee. The Adjudicating Authority upheld the RP's decision. The Appellant then filed an appeal. The RP did
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This case involves an appeal against an order passed by the Adjudicating Authority, which rejected I.A. No. 3991 of 2023 filed by the Appellant for accepting their claim in the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. The CIRP commenced on 19.04.2023. The Appellant claims that Rs. 40 lakhs was given to the Corporate Debtor, reflected in a bank transaction with HDFC Bank. Initially, a claim form was filed in Form 'C' claiming Rs. 40 lakhs as financial debt with interest. The Resolution Professional (RP) acknowledged the receipt of the claim form.
The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor commenced on 2023-04-19. The Appellant, Paresh Govindbhai Hirpara, claims that Rs. 40 lakhs was given to the Corporate Debtor, as reflected in a bank transaction with HDFC Bank. Initially, the Appellant filed a claim in Form 'C' for Rs. 40 lakhs as a financial debt with interest. The Resolution Professional (RP) acknowledged receipt of this claim. Later, the Appellant filed a claim in Form CA, supported by an MoU indicating the allotment of Shop No. G-34. The RP rejected the claim, citing inconsistencies between the initial claim as a financial debt and the subsequent claim as an allottee. The Adjudicating Authority upheld the RP's decision. The Appellant then filed an appeal. The RP did
…The Corporate…
The Appellant f…
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