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 by the RP for being filed late. 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 was submitted for consideration. Claimants argue their claims were rejected by the RP for being filed belatedly. The RP's counsel argues that Regulation 12 of the CIR process prevents considering claims after the resolution plan's approval by the COC. The court directed reimbursement of the operational creditor's expenses and directed the RP to include acceptable claims 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 was filed by the Operational…
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 by the RP for being filed late. 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 was submitted for consideration. Claimants argue their claims were rejected by the RP for being filed belatedly. The RP's counsel argues that Regulation 12 of the CIR process prevents considering claims after the resolution plan's approval by the COC. The court directed reimbursement of the operational creditor's expenses and directed the RP to include acceptable claims 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 was filed by the Operational…
Hearing before the New…