The case involves an application filed by Padam Kumar Tatia, an applicant aggrieved by the rejection of a claim of Rs. 25 Lakhs lodged in Form CA under Regulation 8A of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, against M/s P Dot G Constructions Private Limited. The applicant claims to be a home buyer. The Resolution Professional rejected the claim, leading to the application before the NCLT.
Padam Kumar Tatia filed a claim of Rs. 25 Lakhs as a home buyer against M/s P Dot G Constructions Private Limited under the Insolvency and Bankruptcy Code (IBC). The claim was rejected by the Resolution Professional (RP). The applicant's claim is based on a registered document (572/2011) for the registration of UDS of land and a memorandum of agreement, both dated 15.03.2011, related to a property in T Nagar. The applicant claims to have made payments totaling Rs. 17,40,000. The RP argued that there were inconsistencies in the documents, specifically regarding the amount paid and the timing of the payments. The RP also noted that the claim was filed with a significant delay and that the applicant might be acting in concert with other applicants. The RP further
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CIR Process against…
Claim was lod…
The case involves an application filed by Padam Kumar Tatia, an applicant aggrieved by the rejection of a claim of Rs. 25 Lakhs lodged in Form CA under Regulation 8A of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, against M/s P Dot G Constructions Private Limited. The applicant claims to be a home buyer. The Resolution Professional rejected the claim, leading to the application before the NCLT.
Padam Kumar Tatia filed a claim of Rs. 25 Lakhs as a home buyer against M/s P Dot G Constructions Private Limited under the Insolvency and Bankruptcy Code (IBC). The claim was rejected by the Resolution Professional (RP). The applicant's claim is based on a registered document (572/2011) for the registration of UDS of land and a memorandum of agreement, both dated 15.03.2011, related to a property in T Nagar. The applicant claims to have made payments totaling Rs. 17,40,000. The RP argued that there were inconsistencies in the documents, specifically regarding the amount paid and the timing of the payments. The RP also noted that the claim was filed with a significant delay and that the applicant might be acting in concert with other applicants. The RP further
…CIR Process against…
Claim was lod…