The case involves an appeal against an order passed by the National Company Law Tribunal (NCLT), New Delhi, which dismissed an application filed by the appellant under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. The appellant sought condonation of a 544-day delay in submitting a claim, acceptance of the claim as a financial creditor, inclusion in the list of financial creditors, and provision of CoC meeting minutes. The NCLT rejected the application. The appellant, a homebuyer, had submitted a claim which was rejected by the Resolution Professional because the time period for the claim had expired. The Resolution Plan was submitted by Anugraham Builders and approved by the CoC.
Suraj Kumar Kaushal & Ors. (Homebuyers) filed an application under Section 7 of the Insolvency and Bankruptcy Code against M/s. Sarvottam Realcon Private Limited (Corporate Debtor). The application was admitted on 09.07.2021. Sandeep Goel was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. A public announcement was made on 14.07.2021, with a claim submission deadline of 26.07.2021, later extended to 07.10.2021. The Appellant, also a Homebuyer, submitted a claim for Rs. 42,39,781/- which was rejected by the Respondent via email on 19.12.2022, citing a 544-day delay. The Respondent rejected the claim on 20.12.2022, stating the claim period had expired. The Resolution Plan was submitted by M/s. Anugraham
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Application under Section 7 of the IBC filed…
Public announce…
The case involves an appeal against an order passed by the National Company Law Tribunal (NCLT), New Delhi, which dismissed an application filed by the appellant under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. The appellant sought condonation of a 544-day delay in submitting a claim, acceptance of the claim as a financial creditor, inclusion in the list of financial creditors, and provision of CoC meeting minutes. The NCLT rejected the application. The appellant, a homebuyer, had submitted a claim which was rejected by the Resolution Professional because the time period for the claim had expired. The Resolution Plan was submitted by Anugraham Builders and approved by the CoC.
Suraj Kumar Kaushal & Ors. (Homebuyers) filed an application under Section 7 of the Insolvency and Bankruptcy Code against M/s. Sarvottam Realcon Private Limited (Corporate Debtor). The application was admitted on 09.07.2021. Sandeep Goel was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. A public announcement was made on 14.07.2021, with a claim submission deadline of 26.07.2021, later extended to 07.10.2021. The Appellant, also a Homebuyer, submitted a claim for Rs. 42,39,781/- which was rejected by the Respondent via email on 19.12.2022, citing a 544-day delay. The Respondent rejected the claim on 20.12.2022, stating the claim period had expired. The Resolution Plan was submitted by M/s. Anugraham
…Application under Section 7 of the IBC filed…
Public announce…