The appeal was filed under Section 42 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016, seeking a direction to the Liquidator to admit the claim of the Applicant. The Corporate Insolvency Resolution Process (CIRP) was initiated vide order dated 03.09.2019 by the Adjudicating Authority in an application under Section 7 of IBC by Punjab National Bank (Financial Creditor) against M/s. Gupta Marriage Halls Private Limited (Corporate Debtor). The Liquidator rejected the Applicant's claim on 08.03.2021.
Punjab National Bank initiated CIRP against M/s. Gupta Marriage Halls Private Limited under Section 7 of IBC, with the CIRP commencing on 03.09.2019. Mr. Mahesh Bansal was appointed as Interim Resolution Professional. The Liquidator published an advertisement on 07.01.2021, inviting claims, with a deadline of 03.02.2021. The Applicant submitted a claim of Rs. 3,24,18,528/- on 02.02.2021. The Liquidator requested additional documents via email on 12.02.2021, which were provided via letter on 13.02.2021. The Applicant also submitted copies of ledger, invoices, and audited financial statements. The Liquidator rejected the claim on 08.03.2021, citing that cheques issued by the Corporate Debtor were not presented for encashment and were barred by limitation. The Liquidator
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The appeal was filed under Section 42 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016, seeking a direction to the Liquidator to admit the claim of the Applicant. The Corporate Insolvency Resolution Process (CIRP) was initiated vide order dated 03.09.2019 by the Adjudicating Authority in an application under Section 7 of IBC by Punjab National Bank (Financial Creditor) against M/s. Gupta Marriage Halls Private Limited (Corporate Debtor). The Liquidator rejected the Applicant's claim on 08.03.2021.
Punjab National Bank initiated CIRP against M/s. Gupta Marriage Halls Private Limited under Section 7 of IBC, with the CIRP commencing on 03.09.2019. Mr. Mahesh Bansal was appointed as Interim Resolution Professional. The Liquidator published an advertisement on 07.01.2021, inviting claims, with a deadline of 03.02.2021. The Applicant submitted a claim of Rs. 3,24,18,528/- on 02.02.2021. The Liquidator requested additional documents via email on 12.02.2021, which were provided via letter on 13.02.2021. The Applicant also submitted copies of ledger, invoices, and audited financial statements. The Liquidator rejected the claim on 08.03.2021, citing that cheques issued by the Corporate Debtor were not presented for encashment and were barred by limitation. The Liquidator
…CIRP initiated by Adjudicating Authority based…
Liquidator publ…