The case involves an application (MA/1&2/2019) filed by M/s. Srivaari Chemicals Pvt. Ltd. in CP/689/IB/2017 under Section 42 of the Insolvency and Bankruptcy Code, 2016, seeking the addition of their claim of Rs. 34,28,734/- to the list of creditors of the Corporate Debtor, M/s. Merchem Limited. The application also seeks condonation of delay in filing MA/2/2019. The Resolution Professional (RP) rejected the claim, stating that it was not submitted in the prescribed format and the Corporate Debtor's books did not reflect the amount payable to the Applicant.
M/s. Srivaari Chemicals Private Limited (Applicant) filed MA/1/2019 seeking condonation of delay in filing MA/2/2019, which was filed on 21.12.2018, seeking addition of their claim of Rs. 34,28,734/- to the list of creditors of M/s. Merchem Limited (Corporate Debtor). The claim pertains to the supply of goods in July and August 2013. The Corporate Debtor approached the Applicant for the supply of goods. Invoices were raised on 14.07.2013, 07.08.2013, and 12.08.2013. The Corporate Debtor made sporadic payments totaling Rs. 18,47,123 out of a total recoverable sum of Rs. 53,75,887. CP/689/IB/2017 was admitted on 15.01.2018 for initiation of CIRP. The Applicant submitted its claim on 23.01.2018. The RP rejected the claim on 03.08.2018 because the books of account of the
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Corporate Debtor approached the Applicant…
Invoice dated…
The case involves an application (MA/1&2/2019) filed by M/s. Srivaari Chemicals Pvt. Ltd. in CP/689/IB/2017 under Section 42 of the Insolvency and Bankruptcy Code, 2016, seeking the addition of their claim of Rs. 34,28,734/- to the list of creditors of the Corporate Debtor, M/s. Merchem Limited. The application also seeks condonation of delay in filing MA/2/2019. The Resolution Professional (RP) rejected the claim, stating that it was not submitted in the prescribed format and the Corporate Debtor's books did not reflect the amount payable to the Applicant.
M/s. Srivaari Chemicals Private Limited (Applicant) filed MA/1/2019 seeking condonation of delay in filing MA/2/2019, which was filed on 21.12.2018, seeking addition of their claim of Rs. 34,28,734/- to the list of creditors of M/s. Merchem Limited (Corporate Debtor). The claim pertains to the supply of goods in July and August 2013. The Corporate Debtor approached the Applicant for the supply of goods. Invoices were raised on 14.07.2013, 07.08.2013, and 12.08.2013. The Corporate Debtor made sporadic payments totaling Rs. 18,47,123 out of a total recoverable sum of Rs. 53,75,887. CP/689/IB/2017 was admitted on 15.01.2018 for initiation of CIRP. The Applicant submitted its claim on 23.01.2018. The RP rejected the claim on 03.08.2018 because the books of account of the
…Corporate Debtor approached the Applicant…
Invoice dated…