The case involves two applications, MA 1489/2019 and MA 1849/2019, filed in relation to C.P. (IB)-2295/(MB)/2018 under Section 7 of the Insolvency and Bankruptcy Code, 2016. MA 1489/2019 was filed by an operational creditor, Shri Swami Samarth Infrastructure & Electrical Supplier, seeking condonation of delay for submitting claims. MA 1849/2019 was filed by Vadim Infrastructure Pvt Ltd seeking direction against the RP to include their claim and a restraining order against the RP of Sunil Hi-Tech Engineers Ltd from making payments to other creditors. The CIRP was initiated on 2018-09-10, and the RP rejected the applicant's claim in MA 1489/2019. Vadim Infrastructure's claim is based on an award that is stayed by the High Court.
American Express Banking Corp initiated CIRP against Sunil Hitech Engineers Ltd. Shri Swami Samarth Infrastructure & Electrical Supplier, an operational creditor, filed MA 1489/2019 seeking condonation of a 72-day delay in submitting its claim, which was rejected by the RP. The applicant stated that the delay was not intentional and that continuous talks were ongoing with the respondent company, with some part payments made. Vadim Infrastructure Pvt Ltd filed MA 1849/2019 seeking direction against the RP to include its claim of Rs.11,17,11,466/-. Vadim Infrastructure's claim is based on an award from the Micro Small Enterprises Facilitation Council, which is stayed by the High Court. The CIRP was initiated on 2018-09-10 and is nearing its end, with no resolution
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Corporate Insolvency…
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The case involves two applications, MA 1489/2019 and MA 1849/2019, filed in relation to C.P. (IB)-2295/(MB)/2018 under Section 7 of the Insolvency and Bankruptcy Code, 2016. MA 1489/2019 was filed by an operational creditor, Shri Swami Samarth Infrastructure & Electrical Supplier, seeking condonation of delay for submitting claims. MA 1849/2019 was filed by Vadim Infrastructure Pvt Ltd seeking direction against the RP to include their claim and a restraining order against the RP of Sunil Hi-Tech Engineers Ltd from making payments to other creditors. The CIRP was initiated on 2018-09-10, and the RP rejected the applicant's claim in MA 1489/2019. Vadim Infrastructure's claim is based on an award that is stayed by the High Court.
American Express Banking Corp initiated CIRP against Sunil Hitech Engineers Ltd. Shri Swami Samarth Infrastructure & Electrical Supplier, an operational creditor, filed MA 1489/2019 seeking condonation of a 72-day delay in submitting its claim, which was rejected by the RP. The applicant stated that the delay was not intentional and that continuous talks were ongoing with the respondent company, with some part payments made. Vadim Infrastructure Pvt Ltd filed MA 1849/2019 seeking direction against the RP to include its claim of Rs.11,17,11,466/-. Vadim Infrastructure's claim is based on an award from the Micro Small Enterprises Facilitation Council, which is stayed by the High Court. The CIRP was initiated on 2018-09-10 and is nearing its end, with no resolution
…Corporate Insolvency…
Applicant submitted…