The case involves an application (IA-2481/2020) filed by the Applicant/contractor against the Resolution Professional (RP) for non-payment of Rs 2.71 Crore for completed work. The Applicant claims that the erstwhile RP had given an indent on January 25, 2019, but the amount remains unpaid even after the appointment of a new RP on November 27, 2019. The RP contends that irregularities occurred, and an audit is in progress to determine the actual amount payable. The court addresses the delay in resolving the payment issue.
The Applicant/contractor claims non-payment of Rs 2.71 Crore for completed work based on an indent from the erstwhile Resolution Professional (RP) dated January 25, 2019. A new RP was appointed on November 27, 2019. The Applicant placed its claim before the RP, but the RP has neither rejected nor paid the claim. The RP argues that irregularities occurred, and an audit is in progress to determine the actual amount payable. The Applicant has also filed IA-2737/2020 and IA/2757/2020, which are listed for hearing on 18.08.2020. The applicant has withdrawn IA-2726/2020.
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Erstwhile Resolution…
A new Resolution Professional was appointed…
The case involves an application (IA-2481/2020) filed by the Applicant/contractor against the Resolution Professional (RP) for non-payment of Rs 2.71 Crore for completed work. The Applicant claims that the erstwhile RP had given an indent on January 25, 2019, but the amount remains unpaid even after the appointment of a new RP on November 27, 2019. The RP contends that irregularities occurred, and an audit is in progress to determine the actual amount payable. The court addresses the delay in resolving the payment issue.
The Applicant/contractor claims non-payment of Rs 2.71 Crore for completed work based on an indent from the erstwhile Resolution Professional (RP) dated January 25, 2019. A new RP was appointed on November 27, 2019. The Applicant placed its claim before the RP, but the RP has neither rejected nor paid the claim. The RP argues that irregularities occurred, and an audit is in progress to determine the actual amount payable. The Applicant has also filed IA-2737/2020 and IA/2757/2020, which are listed for hearing on 18.08.2020. The applicant has withdrawn IA-2726/2020.
Erstwhile Resolution…
A new Resolution Professional was appointed…