Jindal Saw Limited, an operational creditor of Cethar Limited (the corporate debtor), filed an application IA(IBC)/867(CHE)/2021 seeking condonation of a 1162-day delay in submitting its proof of claim to the official liquidator. The applicant also sought a direction for the official liquidator to accept the proof of claim. The CIRP against Cethar Limited was initiated on 2017-06-16, and a liquidation order was passed on 2018-04-25. The liquidator made a public announcement on 2018-04-29, requiring claims to be filed by 2018-05-29. Jindal Saw Limited had filed its claims under Form-B during the CIRP in August 2017. The applicant claimed unawareness of the liquidation until they learned about it through the IBBI website in June 2021. The liquidator rejected the
…Jindal Saw Limited, an operational creditor, sought to condone a 1162-day delay in submitting a claim to the official liquidator of Cethar Limited. CIRP was initiated on 2017-06-16, followed by a liquidation order on 2018-04-25. The liquidator announced a claim deadline of 2018-05-29. Jindal Saw filed a claim in August 2017 during CIRP. They claimed unawareness of the liquidation until June 2021. The liquidator rejected the claim due to limitation. The applicant contacted the liquidator on 2021-06-09. The applicant submitted its claim under Form-C to the Liquidator on 2021-08-04. The liquidator sought an explanation with respect to limitation. The applicant filed a detailed reply vide e-mail dated 2021-08-05. The liquidation order was published in a Chennai newspaper
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Corporate Insolvency…
Jindal Saw Limited…
Jindal Saw Limited, an operational creditor of Cethar Limited (the corporate debtor), filed an application IA(IBC)/867(CHE)/2021 seeking condonation of a 1162-day delay in submitting its proof of claim to the official liquidator. The applicant also sought a direction for the official liquidator to accept the proof of claim. The CIRP against Cethar Limited was initiated on 2017-06-16, and a liquidation order was passed on 2018-04-25. The liquidator made a public announcement on 2018-04-29, requiring claims to be filed by 2018-05-29. Jindal Saw Limited had filed its claims under Form-B during the CIRP in August 2017. The applicant claimed unawareness of the liquidation until they learned about it through the IBBI website in June 2021. The liquidator rejected the
…Jindal Saw Limited, an operational creditor, sought to condone a 1162-day delay in submitting a claim to the official liquidator of Cethar Limited. CIRP was initiated on 2017-06-16, followed by a liquidation order on 2018-04-25. The liquidator announced a claim deadline of 2018-05-29. Jindal Saw filed a claim in August 2017 during CIRP. They claimed unawareness of the liquidation until June 2021. The liquidator rejected the claim due to limitation. The applicant contacted the liquidator on 2021-06-09. The applicant submitted its claim under Form-C to the Liquidator on 2021-08-04. The liquidator sought an explanation with respect to limitation. The applicant filed a detailed reply vide e-mail dated 2021-08-05. The liquidation order was published in a Chennai newspaper
…Corporate Insolvency…
Jindal Saw Limited…