The Assistant Commissioner, CGST and Central Excise Division (Applicant) filed an application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016 against Pradeep Kumar Kabra, the Resolution Professional (RP) of the corporate debtor, Cengres Tiles Limited. The applicant sought a direction to the RP to accept and admit their claim of Rs.39,86,04,041, as claimed in Form-C, instead of the admitted claim amount of Rs.11,76,90,942.
The Assistant Commissioner, CGST and Central Excise Division, filed an application against Pradeep Kumar Kabra, the Resolution Professional (RP) of Cengres Tiles Limited, seeking a direction to accept and admit their claim of Rs.39,86,04,041. The applicant claimed that the corporate debtor's Central Excise, Service Tax, and Goods & Service Tax returns showed a total liability of Rs.39,86,04,041. Goods worth Rs.5,10,12,500 were seized by the department. The audit report dated 02.02.2018 reflected outstanding statutory dues of Rs.39,86,04,041. The corporate debtor was admitted into CIRP on 27.04.2022. The applicant initially filed a claim of Rs.39,62,94,872 in Form-B on 02.06.2022, and later revised it to Rs.39,86,04,041 in Form-C on 19.01.2023, seeking to be treated
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The corporate debtor, Cengres Tiles Limited,…
The applicant submitted…
The Assistant Commissioner, CGST and Central Excise Division (Applicant) filed an application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016 against Pradeep Kumar Kabra, the Resolution Professional (RP) of the corporate debtor, Cengres Tiles Limited. The applicant sought a direction to the RP to accept and admit their claim of Rs.39,86,04,041, as claimed in Form-C, instead of the admitted claim amount of Rs.11,76,90,942.
The Assistant Commissioner, CGST and Central Excise Division, filed an application against Pradeep Kumar Kabra, the Resolution Professional (RP) of Cengres Tiles Limited, seeking a direction to accept and admit their claim of Rs.39,86,04,041. The applicant claimed that the corporate debtor's Central Excise, Service Tax, and Goods & Service Tax returns showed a total liability of Rs.39,86,04,041. Goods worth Rs.5,10,12,500 were seized by the department. The audit report dated 02.02.2018 reflected outstanding statutory dues of Rs.39,86,04,041. The corporate debtor was admitted into CIRP on 27.04.2022. The applicant initially filed a claim of Rs.39,62,94,872 in Form-B on 02.06.2022, and later revised it to Rs.39,86,04,041 in Form-C on 19.01.2023, seeking to be treated
…The corporate debtor, Cengres Tiles Limited,…
The applicant submitted…