This case involves an appeal against an order dated 2022-03-25 issued by the Adjudicating Authority, which directed certain actions regarding the corporate debtor's assets and usage charges. The Resolution Professional filed an application (I.A. 515/2022) seeking the handover of a machine and direction for usage charges. The appellant claims that the machine was already handed over and disputes the usage charges. The resolution plan for the Corporate Debtor was approved on 2021-08-09 by the CoC and 2022-03-14 by the NCLT.
Patsons Construction, an operational creditor, filed an appeal against an order by the Adjudicating Authority. The order directed the handover of an asset (Komatsu Motor Grader GD-511) of the Corporate Debtor (D Thakkar Constructions Pvt. Ltd.) and the payment of usage charges of Rs. 2 lakhs per month for 24 months, totaling Rs. 48 lakhs. The Resolution Professional had filed I.A. 515/2022 seeking these directions. The appellant contends that the machine was already handed over and disputes the usage charges, stating that the machine was given in lieu of outstanding dues. The Resolution plan of the Corporate Debtor was approved by CoC on 2021-08-09 and by NCLT on 2022-03-14. The appellant claims they could not file their claim in the corporate insolvency resolution
…Sign in to view the parties.
The Adjudicating Authority issued an order…
The Tribunal passed an order directing the…
This case involves an appeal against an order dated 2022-03-25 issued by the Adjudicating Authority, which directed certain actions regarding the corporate debtor's assets and usage charges. The Resolution Professional filed an application (I.A. 515/2022) seeking the handover of a machine and direction for usage charges. The appellant claims that the machine was already handed over and disputes the usage charges. The resolution plan for the Corporate Debtor was approved on 2021-08-09 by the CoC and 2022-03-14 by the NCLT.
Patsons Construction, an operational creditor, filed an appeal against an order by the Adjudicating Authority. The order directed the handover of an asset (Komatsu Motor Grader GD-511) of the Corporate Debtor (D Thakkar Constructions Pvt. Ltd.) and the payment of usage charges of Rs. 2 lakhs per month for 24 months, totaling Rs. 48 lakhs. The Resolution Professional had filed I.A. 515/2022 seeking these directions. The appellant contends that the machine was already handed over and disputes the usage charges, stating that the machine was given in lieu of outstanding dues. The Resolution plan of the Corporate Debtor was approved by CoC on 2021-08-09 and by NCLT on 2022-03-14. The appellant claims they could not file their claim in the corporate insolvency resolution
…The Adjudicating Authority issued an order…
The Tribunal passed an order directing the…