# In the matter of Velohar Infra Pvt. Ltd. MA-566-2019 in CP-114-IB-2018

> NCLT judgment dated 2019-06-18. Citation: TCN-2019-NCLT-02851. MA/566/2019 was filed by Gloster Cables Limited, an operational creditor, under Section 60(5)…

- **Court:** NCLT
- **Order date:** 18 Jun 2019
- **Citation:** TCN-2019-NCLT-02851
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/velohar-infra-pvt-ltd-ma-566-2019-in-cp-114-ib-2018-129cde51

## Summary

### Background

MA/566/2019 was filed by Gloster Cables Limited, an operational creditor, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking admission of its claim for ₹1,01,63,024. The application also sought to set aside the order dated 08.05.2019, which rejected the claim by the Resolution Professional because the time for filing the claim had expired.

## Facts

Gloster Cables Limited, an operational creditor, filed MA/566/2019 seeking admission of its claim for ₹1,01,63,024. The claim had been previously rejected by the Resolution Professional on 08.05.2019 due to the expiration of the filing deadline. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The Liquidator is now responsible for considering the claim.

## Issues and analysis

### Issue 1: Whether the Liquidator is independently entitled to consider the claim application after …

**Ratio:** The Liquidator is independently entitled to consider the claim application after

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**Reasoning:** The court reasoned that once liquidation has commenced, the Liquidator has the authority

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**Interpretation:** This implies that the powers and responsibilities of the Liquidator are

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**Application:** In this case, the Liquidator's independent authority allows for the

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** Gloster Cables…
- **Respondents:** MURUGES…

## Timeline

- **2019-05-08 — Claim Rej…**: The Resolution Professional rejected the claim of Gloster Cables Limited due to the…
- **2019-06-18 — Court Or…**: The court disposed of MA/566/2019, directing the Liquidator to consider the claim of…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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