K. Amutha filed an application against the Resolution Professional of Ambojini Property Developers Private Limited, seeking the admission of her entire claim of Rs. 35,20,000, which included an interest of Rs. 15,20,000. The applicant had booked a 2 BHK apartment in a project promoted by the Corporate Debtor and paid Rs. 20,00,000 as advance. Despite requests, the Corporate Debtor refused to refund the advance when there was no progress in the construction project. The applicant submitted a claim with the Interim Resolution Professional (IRP) for Rs. 35,20,000, but her claim was admitted only to the extent of Rs. 3,77,178. The applicant contended that the partial admission of her claim was illegal. The Resolution Professional stated that there was no entry in the books
…K. Amutha booked a 2 BHK apartment in a project named Sai Peace & Prosperity in Taramani, promoted by Ambojini Property Developers Private Limited (Corporate Debtor). As per the booking form, she was required to pay Rs. 20,00,000 as advance. She paid Rs. 2,50,000 through cheque and Rs. 17,50,000 in cash as booking advance. Due to lack of progress in the construction, she requested a refund, which was refused. She submitted a claim with the Interim Resolution Professional (IRP) for Rs. 35,20,000, including interest, but only Rs. 3,77,178 was admitted. The Resolution Professional stated that the cash payment was not recorded in the Corporate Debtor's books. The applicant's name was not found in the affidavit provided by the erstwhile promoter of the Corporate Debtor.
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K.Amutha filed an…
The Corporate Debtor was admitted to CIRP vide…
K. Amutha filed an application against the Resolution Professional of Ambojini Property Developers Private Limited, seeking the admission of her entire claim of Rs. 35,20,000, which included an interest of Rs. 15,20,000. The applicant had booked a 2 BHK apartment in a project promoted by the Corporate Debtor and paid Rs. 20,00,000 as advance. Despite requests, the Corporate Debtor refused to refund the advance when there was no progress in the construction project. The applicant submitted a claim with the Interim Resolution Professional (IRP) for Rs. 35,20,000, but her claim was admitted only to the extent of Rs. 3,77,178. The applicant contended that the partial admission of her claim was illegal. The Resolution Professional stated that there was no entry in the books
…K. Amutha booked a 2 BHK apartment in a project named Sai Peace & Prosperity in Taramani, promoted by Ambojini Property Developers Private Limited (Corporate Debtor). As per the booking form, she was required to pay Rs. 20,00,000 as advance. She paid Rs. 2,50,000 through cheque and Rs. 17,50,000 in cash as booking advance. Due to lack of progress in the construction, she requested a refund, which was refused. She submitted a claim with the Interim Resolution Professional (IRP) for Rs. 35,20,000, including interest, but only Rs. 3,77,178 was admitted. The Resolution Professional stated that the cash payment was not recorded in the Corporate Debtor's books. The applicant's name was not found in the affidavit provided by the erstwhile promoter of the Corporate Debtor.
…K.Amutha filed an…
The Corporate Debtor was admitted to CIRP vide…