The case pertains to I.A.No.76/2020, I.A.No.74/2020 and I.A.No.75/2020 in C.P.(IB)No.214/BB/2019 filed under Section 60(5)(c) of the IBC, 2016, read with Rule 11 of the NCLT Rules, 2016. These applications seek to condone a delay of 69 days in filing the Proof of Claim by the Applicant/Financial Creditor with the Respondent/Resolution Professional and to direct the Respondent/Resolution Professional to accept and consider the claim. The main Company Petition was filed by M/s. Madura Coats Private Limited under Section 9 of the IBC, 2016, and was admitted on 29.10.2019, initiating CIRP and appointing Mr. Ratnakar Shetty as IRP. A public announcement was made on 07.11.2019, with a last date for submission of claims on 21.11.2019.
M/s. Madura Coats Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against a Corporate Debtor by filing a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 29.10.2019, and Mr. Ratnakar Shetty was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 07.11.2019, setting 21.11.2019 as the last date for creditors to submit their claims. Several Financial Creditors, including M/s. Triburg Sportswear, Mrs. Anuradha Bakshi, and M/s. Triburg Consultants Private Limited, filed applications (I.A.No.76/2020, I.A.No.74/2020 and I.A.No.75/2020 respectively) seeking condonation of a 69-day delay in submitting their claims. These creditors claimed they were unaware of
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The Adjudicating Authority admitted the…
The Interim Resolution Professional made a…
The case pertains to I.A.No.76/2020, I.A.No.74/2020 and I.A.No.75/2020 in C.P.(IB)No.214/BB/2019 filed under Section 60(5)(c) of the IBC, 2016, read with Rule 11 of the NCLT Rules, 2016. These applications seek to condone a delay of 69 days in filing the Proof of Claim by the Applicant/Financial Creditor with the Respondent/Resolution Professional and to direct the Respondent/Resolution Professional to accept and consider the claim. The main Company Petition was filed by M/s. Madura Coats Private Limited under Section 9 of the IBC, 2016, and was admitted on 29.10.2019, initiating CIRP and appointing Mr. Ratnakar Shetty as IRP. A public announcement was made on 07.11.2019, with a last date for submission of claims on 21.11.2019.
M/s. Madura Coats Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against a Corporate Debtor by filing a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 29.10.2019, and Mr. Ratnakar Shetty was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 07.11.2019, setting 21.11.2019 as the last date for creditors to submit their claims. Several Financial Creditors, including M/s. Triburg Sportswear, Mrs. Anuradha Bakshi, and M/s. Triburg Consultants Private Limited, filed applications (I.A.No.76/2020, I.A.No.74/2020 and I.A.No.75/2020 respectively) seeking condonation of a 69-day delay in submitting their claims. These creditors claimed they were unaware of
…The Adjudicating Authority admitted the…
The Interim Resolution Professional made a…