Dakshin Gujarat Vij Company Limited (Applicant), an operational creditor, filed an application under Section 60(5) of the IBC, 2016, seeking a direction to the Resolution Professional (RP) of Jaybharat Textiles & Real Estate Limited (Corporate Debtor) to admit its claim as a secured operational creditor and include it in the resolution plan. The Applicant's claim arose from unpaid electricity dues, which were confirmed through various legal proceedings up to the High Court. Despite submitting its claim to the RP, the RP neither acknowledged nor rejected it and proceeded to seek approval for a resolution plan without including the Applicant's claim.
Dakshin Gujarat Vij Company Limited (Applicant) filed an application under Section 60(5) of the IBC, 2016.
The Applicant sought a direction to the Resolution Professional (RP) to admit its claim as a secured operational creditor and include it in the resolution plan.
The Applicant is a company engaged in the business of electricity distribution in the State of Gujarat.
The Resolution Professional failed to consider the Applicant's claim submitted as a secured operational creditor of the Corporate Debtor.
The RP sought approval of the resolution plan from the Committee of Creditors (CoC) and filed IA No. 165 of 2021 without including the Applicant's claim.
The Corporate Debtor had obtained a high tension electricity connection from the Applicant on 02.05.2007.
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Corporate Debtor…
Unauthorized use of…
Dakshin Gujarat Vij Company Limited (Applicant), an operational creditor, filed an application under Section 60(5) of the IBC, 2016, seeking a direction to the Resolution Professional (RP) of Jaybharat Textiles & Real Estate Limited (Corporate Debtor) to admit its claim as a secured operational creditor and include it in the resolution plan. The Applicant's claim arose from unpaid electricity dues, which were confirmed through various legal proceedings up to the High Court. Despite submitting its claim to the RP, the RP neither acknowledged nor rejected it and proceeded to seek approval for a resolution plan without including the Applicant's claim.
Dakshin Gujarat Vij Company Limited (Applicant) filed an application under Section 60(5) of the IBC, 2016.
The Applicant sought a direction to the Resolution Professional (RP) to admit its claim as a secured operational creditor and include it in the resolution plan.
The Applicant is a company engaged in the business of electricity distribution in the State of Gujarat.
The Resolution Professional failed to consider the Applicant's claim submitted as a secured operational creditor of the Corporate Debtor.
The RP sought approval of the resolution plan from the Committee of Creditors (CoC) and filed IA No. 165 of 2021 without including the Applicant's claim.
The Corporate Debtor had obtained a high tension electricity connection from the Applicant on 02.05.2007.
…Corporate Debtor…
Unauthorized use of…