ICICI Bank Ltd. filed an application against the Resolution Professional of Subburaj Spinning Mills Private Ltd. seeking direction to admit their claim of Rs. 13,61,74,623.37p. The CIRP against Subburaj Spinning Mills Private Limited was initiated on 03.04.2018. The applicant claims they were not informed about the CIRP process in time and filed their claim belatedly after the Resolution Plan was approved by the CoC on 17.12.2018. The Resolution Professional contended that the applicant was informed about the CIRP, and the claim was filed after the approval of the resolution plan, and the corporate debtor had refuted the dues in a separate court.
ICICI Bank Ltd. filed an application seeking the admission of their claim of Rs. 13,61,74,623.37p against Subburaj Spinning Mills Private Ltd., which is undergoing CIRP. The CIRP was initiated on 03.04.2018. ICICI Bank claims they were not informed about the CIRP in time and filed their claim on 21.12.2018, after the Resolution Plan was approved by the CoC on 17.12.2018. The Resolution Professional contends that ICICI Bank was informed about the CIRP on 21.05.2018 and failed to file the claim in time. The Corporate Debtor had refuted the dues to ICICI Bank in a separate suit before the Subordinate Court, Coimbatore. The CoC did not consider the dues to ICICI Bank while approving the Resolution Plan. ICICI Bank had also filed an Original Application No.75/2009 on the
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CIRP initiated against…
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ICICI Bank Ltd. filed an application against the Resolution Professional of Subburaj Spinning Mills Private Ltd. seeking direction to admit their claim of Rs. 13,61,74,623.37p. The CIRP against Subburaj Spinning Mills Private Limited was initiated on 03.04.2018. The applicant claims they were not informed about the CIRP process in time and filed their claim belatedly after the Resolution Plan was approved by the CoC on 17.12.2018. The Resolution Professional contended that the applicant was informed about the CIRP, and the claim was filed after the approval of the resolution plan, and the corporate debtor had refuted the dues in a separate court.
ICICI Bank Ltd. filed an application seeking the admission of their claim of Rs. 13,61,74,623.37p against Subburaj Spinning Mills Private Ltd., which is undergoing CIRP. The CIRP was initiated on 03.04.2018. ICICI Bank claims they were not informed about the CIRP in time and filed their claim on 21.12.2018, after the Resolution Plan was approved by the CoC on 17.12.2018. The Resolution Professional contends that ICICI Bank was informed about the CIRP on 21.05.2018 and failed to file the claim in time. The Corporate Debtor had refuted the dues to ICICI Bank in a separate suit before the Subordinate Court, Coimbatore. The CoC did not consider the dues to ICICI Bank while approving the Resolution Plan. ICICI Bank had also filed an Original Application No.75/2009 on the
…CIRP initiated against…
Applicant was given the…