The appeal was filed against the order dated January 25, 2023, by which the Adjudicating Authority approved the Resolution Plan. The CIRP commenced against the Corporate Debtor on March 1, 2019. The Publication was issued by the IRP on March 7, 2019. The Resolution Plan was approved by the Committee of Creditors on January 17, 2020. The Appellant submitted its claim for the first time on December 21, 2021, by which date the Resolution Professional had already filed an application before the Adjudicating Authority for approval of the Resolution Plan.
The Corporate Insolvency Resolution Process (CIRP) commenced against the Corporate Debtor on March 1, 2019. The IRP issued a publication on March 7, 2019. The Committee of Creditors approved the Resolution Plan on January 17, 2020. The Appellant, Regional P.F. Commissioner, submitted its claim for the first time on December 21, 2021, which was after the Resolution Professional had already filed an application for approval of the Resolution Plan. The Adjudicating Authority ultimately approved the Resolution Plan on January 25, 2023. The Appellant claimed that the IRP did not send any communication regarding the claim submitted on December 21, 2021, and the RP never responded to the claim. The RP contended that the Appellant's claim was filed almost two years after the
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The appeal was filed against the order dated January 25, 2023, by which the Adjudicating Authority approved the Resolution Plan. The CIRP commenced against the Corporate Debtor on March 1, 2019. The Publication was issued by the IRP on March 7, 2019. The Resolution Plan was approved by the Committee of Creditors on January 17, 2020. The Appellant submitted its claim for the first time on December 21, 2021, by which date the Resolution Professional had already filed an application before the Adjudicating Authority for approval of the Resolution Plan.
The Corporate Insolvency Resolution Process (CIRP) commenced against the Corporate Debtor on March 1, 2019. The IRP issued a publication on March 7, 2019. The Committee of Creditors approved the Resolution Plan on January 17, 2020. The Appellant, Regional P.F. Commissioner, submitted its claim for the first time on December 21, 2021, which was after the Resolution Professional had already filed an application for approval of the Resolution Plan. The Adjudicating Authority ultimately approved the Resolution Plan on January 25, 2023. The Appellant claimed that the IRP did not send any communication regarding the claim submitted on December 21, 2021, and the RP never responded to the claim. The RP contended that the Appellant's claim was filed almost two years after the
…The Corporate…
The Interim Re…
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