The case involves an application (MA/389/2019 & MA/435/2019) filed by Edelweiss Asset Reconstruction Company Limited (EARC) against the Resolution Professional (RP) of Empee Distilleries Limited. The EARC's claim of ₹179,10,75,807 was rejected by the RP, leading to the application before the Adjudicating Authority. The claim is based on a decree dated 08.10.2018 passed by the Hon'ble DRT-II, Chennai for ₹121,51,76,552.12 along with 10% interest from the date of filing of O.A. No. 502 of 2016.
Edelweiss Asset Reconstruction Company Limited (EARC) filed an application against the Resolution Professional (RP) of Empee Distilleries Limited after the RP rejected EARC's claim of ₹179,10,75,807. The claim was based on a decree dated 08.10.2018 passed by the Hon'ble DRT-II, Chennai, for ₹121,51,76,552.12 plus 10% interest from the filing date of O.A. No. 502 of 2016. The RP argued that the claim should not be admitted because the decree was also against other defendants, and it was unclear if the creditor had recovered any money from them. EARC provided an undertaking to inform the RP of any money realized from other defendants. The applicant also gave an undertaking that it will not divulge information regarding the CIRP including Resolution Plans coming before
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The Hon'ble DRT-II, Chennai, passed a decree…
The order was h…
The case involves an application (MA/389/2019 & MA/435/2019) filed by Edelweiss Asset Reconstruction Company Limited (EARC) against the Resolution Professional (RP) of Empee Distilleries Limited. The EARC's claim of ₹179,10,75,807 was rejected by the RP, leading to the application before the Adjudicating Authority. The claim is based on a decree dated 08.10.2018 passed by the Hon'ble DRT-II, Chennai for ₹121,51,76,552.12 along with 10% interest from the date of filing of O.A. No. 502 of 2016.
Edelweiss Asset Reconstruction Company Limited (EARC) filed an application against the Resolution Professional (RP) of Empee Distilleries Limited after the RP rejected EARC's claim of ₹179,10,75,807. The claim was based on a decree dated 08.10.2018 passed by the Hon'ble DRT-II, Chennai, for ₹121,51,76,552.12 plus 10% interest from the filing date of O.A. No. 502 of 2016. The RP argued that the claim should not be admitted because the decree was also against other defendants, and it was unclear if the creditor had recovered any money from them. EARC provided an undertaking to inform the RP of any money realized from other defendants. The applicant also gave an undertaking that it will not divulge information regarding the CIRP including Resolution Plans coming before
…The Hon'ble DRT-II, Chennai, passed a decree…
The order was h…