The case involves CA 226/2018 filed by an Operational Creditor seeking reimbursement of initial expenses. The Resolution Plan has been submitted to the Bench for consideration. Claimants argue their claims were rejected for being filed belatedly. Counsel for the RP argues that Regulation 12 of the CIR process prevents considering claims after the resolution plan's approval by the COC.
An Operational Creditor filed CA 226/2018 seeking reimbursement of initial expenses. The Resolution Plan has been submitted for consideration. Claimants argue their claims were rejected for being filed late. The RP's counsel argues that claims cannot be considered after the resolution plan's approval by the COC, citing Regulation 12 of the CIR process. The court notes that the claims were filed before 270 days of the CIR period or before the Resolution Plan was approved. CA 54/2019 is also pending adjudication.
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CA 226/2018 filed by…
Hearing before the New…
The case involves CA 226/2018 filed by an Operational Creditor seeking reimbursement of initial expenses. The Resolution Plan has been submitted to the Bench for consideration. Claimants argue their claims were rejected for being filed belatedly. Counsel for the RP argues that Regulation 12 of the CIR process prevents considering claims after the resolution plan's approval by the COC.
An Operational Creditor filed CA 226/2018 seeking reimbursement of initial expenses. The Resolution Plan has been submitted for consideration. Claimants argue their claims were rejected for being filed late. The RP's counsel argues that claims cannot be considered after the resolution plan's approval by the COC, citing Regulation 12 of the CIR process. The court notes that the claims were filed before 270 days of the CIR period or before the Resolution Plan was approved. CA 54/2019 is also pending adjudication.
CA 226/2018 filed by…
Hearing before the New…