This appeal arises from an order dated 09.03.2021 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench-V, in I.A. No. 143 of 2021 in Company Petition (IB) 2083 (ND) 2019. The appellant, an operational creditor, filed an application seeking directions to the Resolution Professional (RP) to consider their claim, which was allegedly submitted late. The Adjudicating Authority rejected the application, leading to the present appeal before the NCLAT.
M/s Sardar Ji Di Hatti Departmental Store Pvt. Ltd. (the Appellant), an operational creditor, filed a claim against M/s KPG International Pvt. Ltd. (the Corporate Debtor) during its Corporate Insolvency Resolution Process (CIRP). The CIRP commenced on 27.01.2020, and Mr. Sunil Kumar Agrawal was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 31.01.2020 inviting claims from creditors, with a deadline of 12.02.2020. The Appellant missed this publication and claimed to be unaware of the CIRP until December 2020. The Appellant contacted a director of the Corporate Debtor for payment but was kept in the dark. The Appellant submitted its claim on 22.01.2020, which was rejected by the RP via email dated 31.12.2020, stating it was
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Corporate Insolvency Resolution Process (CIRP)…
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This appeal arises from an order dated 09.03.2021 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench-V, in I.A. No. 143 of 2021 in Company Petition (IB) 2083 (ND) 2019. The appellant, an operational creditor, filed an application seeking directions to the Resolution Professional (RP) to consider their claim, which was allegedly submitted late. The Adjudicating Authority rejected the application, leading to the present appeal before the NCLAT.
M/s Sardar Ji Di Hatti Departmental Store Pvt. Ltd. (the Appellant), an operational creditor, filed a claim against M/s KPG International Pvt. Ltd. (the Corporate Debtor) during its Corporate Insolvency Resolution Process (CIRP). The CIRP commenced on 27.01.2020, and Mr. Sunil Kumar Agrawal was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 31.01.2020 inviting claims from creditors, with a deadline of 12.02.2020. The Appellant missed this publication and claimed to be unaware of the CIRP until December 2020. The Appellant contacted a director of the Corporate Debtor for payment but was kept in the dark. The Appellant submitted its claim on 22.01.2020, which was rejected by the RP via email dated 31.12.2020, stating it was
…Corporate Insolvency Resolution Process (CIRP)…
Public announcement of commencement of CIRP was…