Virender Pal Singh filed an appeal against the order dated 04.10.2024, where the Adjudicating Authority approved the Resolution Plan of the Corporate Debtor. The appellant claimed to be the Chief Financial Officer (CFO) of the Corporate Debtor and was paid salary until May 2021. The CIRP commenced on 03.10.2020. The appellant's salary was reduced to 50% effective June 2021. The employees and officers of the Corporate Debtor had filed their claims, which were noted in the Resolution Plan. The appellant did not file any claim or application before the Adjudicating Authority claiming any entitlement.
Virender Pal Singh, the appellant, claimed to be the Chief Financial Officer (CFO) of the Corporate Debtor. He was paid salary until May 2021. The Corporate Insolvency Resolution Process (CIRP) commenced on 03.10.2020. His salary was reduced to 50% effective June 2021. Other employees and officers of the Corporate Debtor filed their claims, which were included in the Resolution Plan. Virender Pal Singh did not file any claim or application before the Adjudicating Authority. The Adjudicating Authority approved the Resolution Plan on 04.10.2024. The appellant filed an appeal against this approval. The key fact is that the appellant did not file any claim before the Adjudicating Authority, which was the basis for the dismissal of the appeal.
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Virender Pal Singh filed an appeal against the order dated 04.10.2024, where the Adjudicating Authority approved the Resolution Plan of the Corporate Debtor. The appellant claimed to be the Chief Financial Officer (CFO) of the Corporate Debtor and was paid salary until May 2021. The CIRP commenced on 03.10.2020. The appellant's salary was reduced to 50% effective June 2021. The employees and officers of the Corporate Debtor had filed their claims, which were noted in the Resolution Plan. The appellant did not file any claim or application before the Adjudicating Authority claiming any entitlement.
Virender Pal Singh, the appellant, claimed to be the Chief Financial Officer (CFO) of the Corporate Debtor. He was paid salary until May 2021. The Corporate Insolvency Resolution Process (CIRP) commenced on 03.10.2020. His salary was reduced to 50% effective June 2021. Other employees and officers of the Corporate Debtor filed their claims, which were included in the Resolution Plan. Virender Pal Singh did not file any claim or application before the Adjudicating Authority. The Adjudicating Authority approved the Resolution Plan on 04.10.2024. The appellant filed an appeal against this approval. The key fact is that the appellant did not file any claim before the Adjudicating Authority, which was the basis for the dismissal of the appeal.
The Corporate…
Appellant wa…
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