The Assistant Commissioner of Central Tax, GST Division, filed an appeal against the Impugned Order dated 28th January, 2020, passed by the Adjudicating Authority (National Company Law Tribunal, Hyderabad Bench, Hyderabad) in I.A. No. 779 of 2019 in CP (IB) No. 344/9/HDB/2018. The Adjudicating Authority had approved a Resolution Plan filed by Terapanth Foods Ltd. and Rav's Steels Pvt. Ltd. The appellant claimed that the Adjudicating Authority did not consider their claim for operational dues of Rs. 3,88,38,963/-.
The Assistant Commissioner of Central Tax, GST Division, filed a claim for operational dues of Rs. 3,88,38,963/- in the Corporate Insolvency Resolution Process (CIRP) of Sri Ramanjaneya Ispat Pvt. Ltd. The CIRP commenced on 12.12.2018. The Appellant claimed to have filed a claim with the Interim Resolution Professional on 07th August, 2019, and filed an application to consider proof of claim along with condonation of delay on 16th August, 2019. The Adjudicating Authority approved a Resolution Plan filed by Terapanth Foods Ltd. and Rav's Steels Pvt. Ltd. The Appellant's claim was not included in the Resolution Plan. The Appellant was advised by the Resolution Professional to get the delay condoned by moving the Adjudicating Authority, but instead, the department sent a
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The Assistant Commissioner of Central Tax, GST Division, filed an appeal against the Impugned Order dated 28th January, 2020, passed by the Adjudicating Authority (National Company Law Tribunal, Hyderabad Bench, Hyderabad) in I.A. No. 779 of 2019 in CP (IB) No. 344/9/HDB/2018. The Adjudicating Authority had approved a Resolution Plan filed by Terapanth Foods Ltd. and Rav's Steels Pvt. Ltd. The appellant claimed that the Adjudicating Authority did not consider their claim for operational dues of Rs. 3,88,38,963/-.
The Assistant Commissioner of Central Tax, GST Division, filed a claim for operational dues of Rs. 3,88,38,963/- in the Corporate Insolvency Resolution Process (CIRP) of Sri Ramanjaneya Ispat Pvt. Ltd. The CIRP commenced on 12.12.2018. The Appellant claimed to have filed a claim with the Interim Resolution Professional on 07th August, 2019, and filed an application to consider proof of claim along with condonation of delay on 16th August, 2019. The Adjudicating Authority approved a Resolution Plan filed by Terapanth Foods Ltd. and Rav's Steels Pvt. Ltd. The Appellant's claim was not included in the Resolution Plan. The Appellant was advised by the Resolution Professional to get the delay condoned by moving the Adjudicating Authority, but instead, the department sent a
…Corporate Ins…
Public Notice after Admission of the…