Leaseplan India Pvt. Ltd. filed CA No. 253/2018 under Section 60(5) of the IBC, 2016, against the rejection of its claim by the Liquidator of LML Ltd. The applicant's claim was rejected because it was filed with a delay of 106 days after the last date for filing claims, which was May 11, 2018. The applicant claimed unawareness of the liquidation process due to the corporate debtor's non-functional website and limited circulation of the public announcement.
Leaseplan India Pvt. Ltd. filed a claim with the Liquidator of LML Ltd. The last date for filing claims was May 11, 2018. Leaseplan filed its claim on August 25, 2018, with a delay of 106 days. Leaseplan argued that it was unaware of the liquidation process because the corporate debtor's website was not functional, and the public announcement was made in newspapers circulated primarily in Uttar Pradesh, while Leaseplan operates from Gurugram, Haryana. The liquidator rejected the claim because it was filed after the due date. The applicant filed CA No. 253/2018 under Section 60(5) of the IBC, 2016, seeking condonation of the delay.
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The last date for…
Leaseplan India Pvt. Ltd. filed its claim…
Leaseplan India Pvt. Ltd. filed CA No. 253/2018 under Section 60(5) of the IBC, 2016, against the rejection of its claim by the Liquidator of LML Ltd. The applicant's claim was rejected because it was filed with a delay of 106 days after the last date for filing claims, which was May 11, 2018. The applicant claimed unawareness of the liquidation process due to the corporate debtor's non-functional website and limited circulation of the public announcement.
Leaseplan India Pvt. Ltd. filed a claim with the Liquidator of LML Ltd. The last date for filing claims was May 11, 2018. Leaseplan filed its claim on August 25, 2018, with a delay of 106 days. Leaseplan argued that it was unaware of the liquidation process because the corporate debtor's website was not functional, and the public announcement was made in newspapers circulated primarily in Uttar Pradesh, while Leaseplan operates from Gurugram, Haryana. The liquidator rejected the claim because it was filed after the due date. The applicant filed CA No. 253/2018 under Section 60(5) of the IBC, 2016, seeking condonation of the delay.
The last date for…
Leaseplan India Pvt. Ltd. filed its claim…