Khoday India Limited filed a contempt application against S. Rajendran, the Resolution Professional of Empee Distilleries Limited, alleging disobedience of the Tribunal's order dated 2019-04-30 in MA/407/2019. The applicant claimed that the RP failed to consider their claim in accordance with the law, including the pending arbitration proceedings. The RP argued that after analyzing the documents, no amount was payable to the applicant, and instead, the applicant owed the corporate debtor an amount of Rs. 2.91 Crore.
Khoday India Limited, an operational creditor of Empee Distilleries Limited, filed a contempt application against S. Rajendran, the Resolution Professional (RP) of Empee Distilleries Limited. In 2015, Khoday India Limited had invoked the dispute resolution clause for arbitration against Empee Distilleries Limited, and a sole arbitrator was appointed. During the pendency of the arbitration proceedings, CIRP was initiated against Empee Distilleries Limited. Khoday India Limited submitted a claim to the RP with a delay of 54 days, leading to the filing of MA/407/2019 for condonation of delay. The Tribunal had directed the RP to consider the application. Khoday India Limited alleged that the RP did not verify their claim, which was shown as 'under verification' on the
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Khoday India Limited invoked the dispute…
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Khoday India Limited filed a contempt application against S. Rajendran, the Resolution Professional of Empee Distilleries Limited, alleging disobedience of the Tribunal's order dated 2019-04-30 in MA/407/2019. The applicant claimed that the RP failed to consider their claim in accordance with the law, including the pending arbitration proceedings. The RP argued that after analyzing the documents, no amount was payable to the applicant, and instead, the applicant owed the corporate debtor an amount of Rs. 2.91 Crore.
Khoday India Limited, an operational creditor of Empee Distilleries Limited, filed a contempt application against S. Rajendran, the Resolution Professional (RP) of Empee Distilleries Limited. In 2015, Khoday India Limited had invoked the dispute resolution clause for arbitration against Empee Distilleries Limited, and a sole arbitrator was appointed. During the pendency of the arbitration proceedings, CIRP was initiated against Empee Distilleries Limited. Khoday India Limited submitted a claim to the RP with a delay of 54 days, leading to the filing of MA/407/2019 for condonation of delay. The Tribunal had directed the RP to consider the application. Khoday India Limited alleged that the RP did not verify their claim, which was shown as 'under verification' on the
…Khoday India Limited invoked the dispute…
The Applicant submitted…
Sign in to view related legal provisions.