The application was filed under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, seeking payment of Rs.62,31,242/- from the contingency fund by the respondents.
The applicant, S. Gopi, is an operational creditor of M/s. Empee Distilleries Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated on 13.12.2018.
Form G was issued by the RP on 15.01.2019.
The applicant submitted a claim in Form B on 10.06.2019 for Rs.62,31,242/-.
The Resolution Plan was approved on 20.01.2020.
The application was filed on 05.08.2020.
A contingency fund of Rs.7 Crore was kept in the Resolution Plan for 6 months.
The contingency fund period expired on 20.07.2020.
The RP requested supporting documents for the claim, but the applicant failed to furnish them.
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Corporate Insolvency…
Form G was is…
The application was filed under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, seeking payment of Rs.62,31,242/- from the contingency fund by the respondents.
The applicant, S. Gopi, is an operational creditor of M/s. Empee Distilleries Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated on 13.12.2018.
Form G was issued by the RP on 15.01.2019.
The applicant submitted a claim in Form B on 10.06.2019 for Rs.62,31,242/-.
The Resolution Plan was approved on 20.01.2020.
The application was filed on 05.08.2020.
A contingency fund of Rs.7 Crore was kept in the Resolution Plan for 6 months.
The contingency fund period expired on 20.07.2020.
The RP requested supporting documents for the claim, but the applicant failed to furnish them.
Corporate Insolvency…
Form G was is…