The case involves an application (IA(IBC)/1012(CHE)/2023) filed by an applicant, M.N. Kalyanasundaram, under Section 42 of the Insolvency and Bankruptcy Code, 2016, seeking reliefs related to the rejection of their claim by the liquidator of Easun Reyrolle Ltd. The Corporate Insolvency Resolution Process (CIRP) for Easun Reyrolle Ltd. was initiated on 05.05.2020, and the company was ordered for liquidation on 17.02.2022. The applicant, who was Head-Finance & Accounts in the Corporate Debtor, filed a claim for Rs.36,67,754/- which was partially rejected by the liquidator on 06.05.2022.
M.N. Kalyanasundaram, the applicant, was Head-Finance & Accounts at Easun Reyrolle Ltd. The CIRP of Easun Reyrolle Ltd. commenced on 05.05.2020, and the company was ordered for liquidation on 17.02.2022. The applicant filed a claim for Rs.36,67,754/- with the liquidator, which was partially rejected on 06.05.2022. The liquidator admitted a portion of the claim under Section 53(1)(f) and Section 53(1)(a) of the IBC, 2016, and also admitted gratuity under section 36(4)(a)(iii). The applicant filed an appeal against the partial rejection with a delay of 357 days, filing the application on 12.05.2023, whereas the appeal should have been filed by 20.05.2022 as per Section 42 of the IBC, 2016. The applicant did not provide a sufficient explanation for the delay. The
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Corporate Insolvency…
Easun Reyrolle Ltd.…
The case involves an application (IA(IBC)/1012(CHE)/2023) filed by an applicant, M.N. Kalyanasundaram, under Section 42 of the Insolvency and Bankruptcy Code, 2016, seeking reliefs related to the rejection of their claim by the liquidator of Easun Reyrolle Ltd. The Corporate Insolvency Resolution Process (CIRP) for Easun Reyrolle Ltd. was initiated on 05.05.2020, and the company was ordered for liquidation on 17.02.2022. The applicant, who was Head-Finance & Accounts in the Corporate Debtor, filed a claim for Rs.36,67,754/- which was partially rejected by the liquidator on 06.05.2022.
M.N. Kalyanasundaram, the applicant, was Head-Finance & Accounts at Easun Reyrolle Ltd. The CIRP of Easun Reyrolle Ltd. commenced on 05.05.2020, and the company was ordered for liquidation on 17.02.2022. The applicant filed a claim for Rs.36,67,754/- with the liquidator, which was partially rejected on 06.05.2022. The liquidator admitted a portion of the claim under Section 53(1)(f) and Section 53(1)(a) of the IBC, 2016, and also admitted gratuity under section 36(4)(a)(iii). The applicant filed an appeal against the partial rejection with a delay of 357 days, filing the application on 12.05.2023, whereas the appeal should have been filed by 20.05.2022 as per Section 42 of the IBC, 2016. The applicant did not provide a sufficient explanation for the delay. The
…Corporate Insolvency…
Easun Reyrolle Ltd.…