The case involves an application filed by Mr. Mittalal Bhawarlal, claiming to be a home buyer, against the rejection of his claim of Rs.44 Lakhs by the Resolution Professional, Mr. Sundaresan Nagarjan, in the corporate insolvency resolution process (CIRP) of M/s. P Dot G Constructions Private Limited. The applicant lodged the claim in Form CA under Regulation 8A of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, dated 06.10.2018. The Resolution Professional rejected the claim due to the absence of receipts. The applicant contends that adequate documents were filed. The claim pertains to three properties, one in T. Nagar and two in 'Sunshine Bloom Block' and 'Sunshine Rainbow Block' projects.
Mr. Mittalal Bhawarlal filed a claim of Rs.44 Lakhs as a home buyer in the CIRP of M/s. P Dot G Constructions Private Limited. The claim was lodged in Form CA under Regulation 8A of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, dated 06.10.2018. The Resolution Professional, Mr. Sundaresan Nagarjan, rejected the claim due to the absence of receipts. The claim relates to three properties: one in T. Nagar and two in 'Sunshine Bloom Block' and 'Sunshine Rainbow Block' projects. The applicant provided registered documents, including sale agreements and memorandum of agreements, to support the claim. The Resolution Professional argued that the applicant cannot be considered a home buyer, the claim was lodged beyond the
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The case involves an application filed by Mr. Mittalal Bhawarlal, claiming to be a home buyer, against the rejection of his claim of Rs.44 Lakhs by the Resolution Professional, Mr. Sundaresan Nagarjan, in the corporate insolvency resolution process (CIRP) of M/s. P Dot G Constructions Private Limited. The applicant lodged the claim in Form CA under Regulation 8A of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, dated 06.10.2018. The Resolution Professional rejected the claim due to the absence of receipts. The applicant contends that adequate documents were filed. The claim pertains to three properties, one in T. Nagar and two in 'Sunshine Bloom Block' and 'Sunshine Rainbow Block' projects.
Mr. Mittalal Bhawarlal filed a claim of Rs.44 Lakhs as a home buyer in the CIRP of M/s. P Dot G Constructions Private Limited. The claim was lodged in Form CA under Regulation 8A of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, dated 06.10.2018. The Resolution Professional, Mr. Sundaresan Nagarjan, rejected the claim due to the absence of receipts. The claim relates to three properties: one in T. Nagar and two in 'Sunshine Bloom Block' and 'Sunshine Rainbow Block' projects. The applicant provided registered documents, including sale agreements and memorandum of agreements, to support the claim. The Resolution Professional argued that the applicant cannot be considered a home buyer, the claim was lodged beyond the
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The claim was lodged in…