The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of NCLT Rules, 2016, by Vistra ITCL India Limited, the Operational Creditor, seeking directions to Ansal Urban Condominiums Private Limited, the Corporate Debtor, for verification and admission of the Applicant's claim. The CIRP was initiated on 10.03.2022. The Applicant submitted its claim on 21.04.2022, but received no response. Instead, the Respondent sent a notice dated 09.05.2023, asking the Applicant to transfer Rs. 4,90,55,307.74 to the Corporate Debtor. The Applicant responded on 13.09.2023, denying any debt. The Resolution Professional republished the Invitation of Expression of Interest (Form-G) on 21.06.2022. The Resolution Plan submitted by One City
…Vistra ITCL India Limited (Applicant) filed an application against Ansal Urban Condominiums Private Limited (Respondent/Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the Respondent to verify and admit the Applicant's claim. The CIRP was initiated on 10.03.2022. The Applicant submitted its claim on 21.04.2022 for Rs.8,06,58,074.30. The Respondent did not acknowledge the claim. Instead, on 09.05.2023, the Respondent sent a notice to the Applicant demanding Rs. 4,90,55,307.74. The Applicant responded on 13.09.2023, denying any debt. The Resolution Professional republished the Invitation of Expression of Interest (Form-G) on 21.06.2022. The Resolution Plan submitted by One City Infrastructure was approved by the
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Corporate Insolvency Resolution Process (CIRP)…
Respondent made Public Announcement in Form A…
The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of NCLT Rules, 2016, by Vistra ITCL India Limited, the Operational Creditor, seeking directions to Ansal Urban Condominiums Private Limited, the Corporate Debtor, for verification and admission of the Applicant's claim. The CIRP was initiated on 10.03.2022. The Applicant submitted its claim on 21.04.2022, but received no response. Instead, the Respondent sent a notice dated 09.05.2023, asking the Applicant to transfer Rs. 4,90,55,307.74 to the Corporate Debtor. The Applicant responded on 13.09.2023, denying any debt. The Resolution Professional republished the Invitation of Expression of Interest (Form-G) on 21.06.2022. The Resolution Plan submitted by One City
…Vistra ITCL India Limited (Applicant) filed an application against Ansal Urban Condominiums Private Limited (Respondent/Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the Respondent to verify and admit the Applicant's claim. The CIRP was initiated on 10.03.2022. The Applicant submitted its claim on 21.04.2022 for Rs.8,06,58,074.30. The Respondent did not acknowledge the claim. Instead, on 09.05.2023, the Respondent sent a notice to the Applicant demanding Rs. 4,90,55,307.74. The Applicant responded on 13.09.2023, denying any debt. The Resolution Professional republished the Invitation of Expression of Interest (Form-G) on 21.06.2022. The Resolution Plan submitted by One City Infrastructure was approved by the
…Corporate Insolvency Resolution Process (CIRP)…
Respondent made Public Announcement in Form A…