The appellant filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 8A of the IBBI Regulations, against the Respondent Resolution Professional, seeking admission of their claim as a Financial Creditor in the matter of Ahinsa Buildtech Private Limited. The Corporate Debtor, Ahinsa Buildtech Private Limited, was admitted into insolvency on 04.11.2019. The applicant booked a flat on 19.01.2012 and paid Rs. 58,95,428 towards its purchase, which was acknowledged by the Corporate Debtor on 10.07.2015. Post CIRP initiation, the applicant filed their claim on 04.08.2021. The RP rejected the claim, citing it as time-barred and lacking substantial documents.
The applicant, Pravin Electricals Private Limited, booked a flat on 19.01.2012 and paid Rs. 58,95,428 towards its purchase. This payment was acknowledged by the Corporate Debtor, Ahinsa Buildtech Private Limited, on 10.07.2015. Ahinsa Buildtech Private Limited was admitted into CIRP on 04.11.2019. The applicant filed a claim as a financial creditor on 04.08.2021, which was 638 days after the initiation of CIRP. The Resolution Professional (RP) rejected the claim, citing it as time-barred and lacking substantial documents. The RP also pointed out that the applicant had previously attempted to transfer the allotment in 2012 and that the original allotment letter was not produced. The CoC had already approved a resolution plan with significant voting shares. The last date
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The Applicant booked a flat bearing Flat no.…
The amount paid by the…
The appellant filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 8A of the IBBI Regulations, against the Respondent Resolution Professional, seeking admission of their claim as a Financial Creditor in the matter of Ahinsa Buildtech Private Limited. The Corporate Debtor, Ahinsa Buildtech Private Limited, was admitted into insolvency on 04.11.2019. The applicant booked a flat on 19.01.2012 and paid Rs. 58,95,428 towards its purchase, which was acknowledged by the Corporate Debtor on 10.07.2015. Post CIRP initiation, the applicant filed their claim on 04.08.2021. The RP rejected the claim, citing it as time-barred and lacking substantial documents.
The applicant, Pravin Electricals Private Limited, booked a flat on 19.01.2012 and paid Rs. 58,95,428 towards its purchase. This payment was acknowledged by the Corporate Debtor, Ahinsa Buildtech Private Limited, on 10.07.2015. Ahinsa Buildtech Private Limited was admitted into CIRP on 04.11.2019. The applicant filed a claim as a financial creditor on 04.08.2021, which was 638 days after the initiation of CIRP. The Resolution Professional (RP) rejected the claim, citing it as time-barred and lacking substantial documents. The RP also pointed out that the applicant had previously attempted to transfer the allotment in 2012 and that the original allotment letter was not produced. The CoC had already approved a resolution plan with significant voting shares. The last date
…The Applicant booked a flat bearing Flat no.…
The amount paid by the…