This is an appeal filed under Section 42 of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, against the decision of the Liquidator, dated 30.01.2023, rejecting the claims of M/s Shri Lakshmi Srinivas Enterprises. The Liquidator rejected the claim filed by the Applicant on the ground of a delay of 218 days in submitting the claim in Form-C.
P.R rolling Mills Pvt. Ltd. is the Operational Creditor/Applicant. M/s. Hema Engineering Industries Ltd is the Corporate Debtor/Respondent. M. Ranjitham, Proprietor of M/s. Sri Lakshmi Srinivas Enterprises, is the Appellant/Stakeholder-Creditor. Mr. Vikas Garg is the Liquidator for M/s Hema Engineering Industries Ltd. The Liquidator rejected the claims of M/s Shri Lakshmi Srinivas Enterprises, citing a delay of 218 days in submitting the claim in Form-C. The applicant filed an appeal under Section 42 of the IB Code, 2016.
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The Liquidator rejected…
The NCLT allowed the appeal, condoning the…
This is an appeal filed under Section 42 of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, against the decision of the Liquidator, dated 30.01.2023, rejecting the claims of M/s Shri Lakshmi Srinivas Enterprises. The Liquidator rejected the claim filed by the Applicant on the ground of a delay of 218 days in submitting the claim in Form-C.
P.R rolling Mills Pvt. Ltd. is the Operational Creditor/Applicant. M/s. Hema Engineering Industries Ltd is the Corporate Debtor/Respondent. M. Ranjitham, Proprietor of M/s. Sri Lakshmi Srinivas Enterprises, is the Appellant/Stakeholder-Creditor. Mr. Vikas Garg is the Liquidator for M/s Hema Engineering Industries Ltd. The Liquidator rejected the claims of M/s Shri Lakshmi Srinivas Enterprises, citing a delay of 218 days in submitting the claim in Form-C. The applicant filed an appeal under Section 42 of the IB Code, 2016.
The Liquidator rejected…
The NCLT allowed the appeal, condoning the…