The case involves an application (IA/260(KB)2023) preferred by 5 workmen of the Corporate Debtor, Duckbill Drugs Private Limited (in liquidation), seeking reliefs related to the acceptance and disbursement of their claims by the Official Liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated against Duckbill Drugs Private Limited by Bell Finvest (India) Limited (C.P. (IB)/972(KB)2018). The workmen claimed they were unaware of the liquidation process and sought condonation of delay in filing their claims. The Liquidator admitted part of the claims but rejected others, leading to the workmen filing this application.
Bell Finvest (India) Limited initiated CIRP against Duckbill Drugs Private Limited (C.P. (IB)/972(KB)2018). Five workmen of Duckbill Drugs Private Limited filed an application (IA/260(KB)2023) seeking acceptance and disbursement of their claims. The workmen claimed they were unaware of the liquidation process until informed by the All India Trade Union. They made a written representation to the Official Liquidator on 2022-03-28. The Tribunal condoned the delay in filing claims on 2022-10-14. The Liquidator sent an email on 2022-11-17, pointing out deficiencies in the claim documents. The workmen submitted their claims with supporting documents. The Liquidator admitted Rs. 27,87,362/- out of the total claimed amount of Rs. 81,84,367/-. The Liquidator rejected claims for
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Bell Finvest (India) Limited filed C.P.…
The Tribunal directed the handover of assets…
The case involves an application (IA/260(KB)2023) preferred by 5 workmen of the Corporate Debtor, Duckbill Drugs Private Limited (in liquidation), seeking reliefs related to the acceptance and disbursement of their claims by the Official Liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated against Duckbill Drugs Private Limited by Bell Finvest (India) Limited (C.P. (IB)/972(KB)2018). The workmen claimed they were unaware of the liquidation process and sought condonation of delay in filing their claims. The Liquidator admitted part of the claims but rejected others, leading to the workmen filing this application.
Bell Finvest (India) Limited initiated CIRP against Duckbill Drugs Private Limited (C.P. (IB)/972(KB)2018). Five workmen of Duckbill Drugs Private Limited filed an application (IA/260(KB)2023) seeking acceptance and disbursement of their claims. The workmen claimed they were unaware of the liquidation process until informed by the All India Trade Union. They made a written representation to the Official Liquidator on 2022-03-28. The Tribunal condoned the delay in filing claims on 2022-10-14. The Liquidator sent an email on 2022-11-17, pointing out deficiencies in the claim documents. The workmen submitted their claims with supporting documents. The Liquidator admitted Rs. 27,87,362/- out of the total claimed amount of Rs. 81,84,367/-. The Liquidator rejected claims for
…Bell Finvest (India) Limited filed C.P.…
The Tribunal directed the handover of assets…