The case involves two applications, IA 565 of 2021 and IA 767 of 2021, filed in CP(IB) 53 of 2017 before the National Company Law Tribunal (NCLT), Ahmedabad. IA 565 concerns a claimant seeking condonation of a 192-day delay in filing a claim with the liquidator. The applicant is an Operational Creditor. IA 767 involves a settlement discussion between parties, with the applicant needing more time to comply with a previous order.
ICICI Bank Ltd filed an application against ABG Shipyard Ltd. One of the claimants sought condonation for a 192-day delay in filing a claim with the liquidator, stating they are an Operational Creditor. The application lacked supporting documents. The liquidator stated that two properties of ABG Shipyard Ltd have been disposed of, and distribution has been made to creditors. The claim details mentioned payability from 2008 and last communication from 2017. In a separate application, IA 767 of 2021, parties stated they were settling the matter, but the applicant needed more time to file an affidavit in compliance with a previous order. The relevance of the delay is that it affects the claimant's ability to participate in the distribution of assets. The disposal of
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Application filed by one of the claimants…
Order dated 10.01.2022 records that Learned…
The case involves two applications, IA 565 of 2021 and IA 767 of 2021, filed in CP(IB) 53 of 2017 before the National Company Law Tribunal (NCLT), Ahmedabad. IA 565 concerns a claimant seeking condonation of a 192-day delay in filing a claim with the liquidator. The applicant is an Operational Creditor. IA 767 involves a settlement discussion between parties, with the applicant needing more time to comply with a previous order.
ICICI Bank Ltd filed an application against ABG Shipyard Ltd. One of the claimants sought condonation for a 192-day delay in filing a claim with the liquidator, stating they are an Operational Creditor. The application lacked supporting documents. The liquidator stated that two properties of ABG Shipyard Ltd have been disposed of, and distribution has been made to creditors. The claim details mentioned payability from 2008 and last communication from 2017. In a separate application, IA 767 of 2021, parties stated they were settling the matter, but the applicant needed more time to file an affidavit in compliance with a previous order. The relevance of the delay is that it affects the claimant's ability to participate in the distribution of assets. The disposal of
…Application filed by one of the claimants…
Order dated 10.01.2022 records that Learned…