The case involves an application (IA/257(KB)2023) filed by 5 workmen of the Corporate Debtor, Duckbill Drugs Private Limited (in liquidation), in an ongoing corporate insolvency resolution process (CIRP) initiated by Bell Finvest (India) Limited (Financial Creditor) against Duckbill Drugs Private Limited (Corporate Debtor) under C.P. (IB)/972(KB)2018. The workmen sought condonation of delay in filing their claims, a direction to the Official Liquidator to accept and acknowledge their claims, and an order directing the Respondent Resolution Professional to consider their total claims. The workmen claimed that they were unaware of the liquidation process and that the company had not provided them with necessary documents like pay slips. They also alleged that the
…Bell Finvest (India) Limited initiated CIRP against Duckbill Drugs Private Limited under C.P. (IB)/972(KB)2018. The workmen of Duckbill Drugs Private Limited filed IA/257(KB)2023 seeking condonation of delay in filing claims and directions to the liquidator. The workmen claimed they were unaware of the liquidation process. The Tribunal condoned the delay in filing claims on 14.10.2022. The liquidator sent an email on 17.11.2022 pointing out missing details and lack of documentary evidence in the claims. The workmen submitted their claims on 23.11.2022 and 24.11.2022. The company allegedly issued pay slips only up to May 2013. The liquidator admitted Rs. 27,87,362/- out of the total claimed amount of Rs. 81,84,367/-. The liquidator rejected claims for gratuity, leave
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C.P. (IB)/972(KB)2018 filed by Bell Finvest…
Petition came up for…
The case involves an application (IA/257(KB)2023) filed by 5 workmen of the Corporate Debtor, Duckbill Drugs Private Limited (in liquidation), in an ongoing corporate insolvency resolution process (CIRP) initiated by Bell Finvest (India) Limited (Financial Creditor) against Duckbill Drugs Private Limited (Corporate Debtor) under C.P. (IB)/972(KB)2018. The workmen sought condonation of delay in filing their claims, a direction to the Official Liquidator to accept and acknowledge their claims, and an order directing the Respondent Resolution Professional to consider their total claims. The workmen claimed that they were unaware of the liquidation process and that the company had not provided them with necessary documents like pay slips. They also alleged that the
…Bell Finvest (India) Limited initiated CIRP against Duckbill Drugs Private Limited under C.P. (IB)/972(KB)2018. The workmen of Duckbill Drugs Private Limited filed IA/257(KB)2023 seeking condonation of delay in filing claims and directions to the liquidator. The workmen claimed they were unaware of the liquidation process. The Tribunal condoned the delay in filing claims on 14.10.2022. The liquidator sent an email on 17.11.2022 pointing out missing details and lack of documentary evidence in the claims. The workmen submitted their claims on 23.11.2022 and 24.11.2022. The company allegedly issued pay slips only up to May 2013. The liquidator admitted Rs. 27,87,362/- out of the total claimed amount of Rs. 81,84,367/-. The liquidator rejected claims for gratuity, leave
…C.P. (IB)/972(KB)2018 filed by Bell Finvest…
Petition came up for…