Standard Chartered Bank filed a claim as a financial creditor against Jaypee Infratech Limited, the corporate debtor. The claim was based on credit facilities extended to Jaiprakash Associates Ltd (JAL), the holding company of the corporate debtor, secured by mortgage deeds. The Resolution Professional rejected the claim, and Standard Chartered Bank alleges lack of notice of COC meetings. The applicant claims the corporate debtor is indebted to them for ₹685,96,46,999.26 as of August 9, 2017. The applicant contends that the rejection of its claim and the failure to provide notice of COC meetings are contrary to the provisions of the Insolvency & Bankruptcy Code. The applicant seeks to be declared a financial creditor.

Standard Chartered Bank filed a claim as a financial creditor against Jaypee Infratech Limited, the corporate debtor. The claim was based on credit facilities extended to Jaiprakash Associates Ltd (JAL), the holding company of the corporate debtor, secured by mortgage deeds. The Resolution Professional rejected the claim, and Standard Chartered Bank alleges lack of notice of COC meetings. The applicant claims the corporate debtor is indebted to them for ₹685,96,46,999.26 as of August 9, 2017. The applicant contends that the rejection of its claim and the failure to provide notice of COC meetings are contrary to the provisions of the Insolvency & Bankruptcy Code. The applicant seeks to be declared a financial creditor.