The case involves an application filed by Geostar Surveys India Pvt Ltd under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to the Resolution Professional to admit their claim. Great Unison Contractors India Pvt Ltd was admitted into Corporate Insolvency Resolution Process (CIRP) on 08.01.2019. Subsequently, Dipti Mehta was appointed as the Resolution Professional. As no resolution plan was approved, the Tribunal ordered the Corporate Debtor to be liquidated on 23.01.2020, and Dipti Mehta was appointed as the Liquidator. Geostar Surveys India Pvt Ltd, the applicant, claimed outstanding dues for projects executed in Iran, Iraq, and India. The Liquidator initially rejected the claim due to delay, but the Tribunal later directed the
…Great Unison Contractors India Pvt. Ltd. was admitted into Corporate Insolvency Resolution Process (CIRP) on 08.01.2019. Dipti Mehta was appointed as the Resolution Professional on 19.02.2019. On 23.01.2020, the Tribunal ordered the Corporate Debtor to be liquidated, and Dipti Mehta was appointed as the Liquidator. Geostar Surveys India Pvt Ltd, the applicant, claimed outstanding dues of USD 133735.08 for projects in Iran and Iraq, and Rs. 8,75,248 for an India project, based on work orders dated 15.03.2015, 15.07.2016 and 13.02.2019. The applicant submitted its claim late on 03.06.2020, which was initially rejected by the Liquidator. The Tribunal condoned the delay on 28.08.2020 and directed the Liquidator to consider the claim, deducting Rs. 1,00,000. The Liquidator
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Great Unison Contractors India Pvt. Ltd.…
Dipti Mehta was…
The case involves an application filed by Geostar Surveys India Pvt Ltd under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to the Resolution Professional to admit their claim. Great Unison Contractors India Pvt Ltd was admitted into Corporate Insolvency Resolution Process (CIRP) on 08.01.2019. Subsequently, Dipti Mehta was appointed as the Resolution Professional. As no resolution plan was approved, the Tribunal ordered the Corporate Debtor to be liquidated on 23.01.2020, and Dipti Mehta was appointed as the Liquidator. Geostar Surveys India Pvt Ltd, the applicant, claimed outstanding dues for projects executed in Iran, Iraq, and India. The Liquidator initially rejected the claim due to delay, but the Tribunal later directed the
…Great Unison Contractors India Pvt. Ltd. was admitted into Corporate Insolvency Resolution Process (CIRP) on 08.01.2019. Dipti Mehta was appointed as the Resolution Professional on 19.02.2019. On 23.01.2020, the Tribunal ordered the Corporate Debtor to be liquidated, and Dipti Mehta was appointed as the Liquidator. Geostar Surveys India Pvt Ltd, the applicant, claimed outstanding dues of USD 133735.08 for projects in Iran and Iraq, and Rs. 8,75,248 for an India project, based on work orders dated 15.03.2015, 15.07.2016 and 13.02.2019. The applicant submitted its claim late on 03.06.2020, which was initially rejected by the Liquidator. The Tribunal condoned the delay on 28.08.2020 and directed the Liquidator to consider the claim, deducting Rs. 1,00,000. The Liquidator
…Great Unison Contractors India Pvt. Ltd.…
Dipti Mehta was…