The Municipal Corporation of Greater Mumbai (MCGM) filed two Interlocutory Applications (IAs), IA/418/2024 and IA/378/2024, under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking orders to direct the Resolution Professional (RP) of Housing Development and Infrastructure Limited (HDIL), the Corporate Debtor, to consider and accept their claims for outstanding water supply dues. IA/418/2024 pertains to a claim of Rs. 3,59,09,043, while IA/378/2024 concerns a claim of Rs. 1,03,52,710. The MCGM also sought condonation of delay in filing these claims. The Corporate Insolvency Resolution Process (CIRP) against HDIL was initiated on August 20, 2019. The RP opposed the applications, arguing that the claims were filed belatedly and that MCGM had not
…The Municipal Corporation of Greater Mumbai (MCGM) filed two Interlocutory Applications (IAs), IA/418/2024 and IA/378/2024, seeking to direct the Resolution Professional (RP) of Housing Development and Infrastructure Limited (HDIL) to accept their claims for outstanding water supply dues. IA/418/2024 relates to a claim of Rs. 3,59,09,043, while IA/378/2024 concerns a claim of Rs. 1,03,52,710. The Corporate Insolvency Resolution Process (CIRP) against HDIL was initiated on August 20, 2019. MCGM claimed that HDIL, as the owner/developer of various properties, was liable to pay statutory dues for water supply since 2006. MCGM sent demand notices to Mr. Wariyam Singh, purportedly connected to the Dream Malls Project, but not directly to the Corporate Debtor or the RP. The
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Corporate Insolvency Resolution Process (CIRP)…
The present two IAs…
The Municipal Corporation of Greater Mumbai (MCGM) filed two Interlocutory Applications (IAs), IA/418/2024 and IA/378/2024, under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking orders to direct the Resolution Professional (RP) of Housing Development and Infrastructure Limited (HDIL), the Corporate Debtor, to consider and accept their claims for outstanding water supply dues. IA/418/2024 pertains to a claim of Rs. 3,59,09,043, while IA/378/2024 concerns a claim of Rs. 1,03,52,710. The MCGM also sought condonation of delay in filing these claims. The Corporate Insolvency Resolution Process (CIRP) against HDIL was initiated on August 20, 2019. The RP opposed the applications, arguing that the claims were filed belatedly and that MCGM had not
…The Municipal Corporation of Greater Mumbai (MCGM) filed two Interlocutory Applications (IAs), IA/418/2024 and IA/378/2024, seeking to direct the Resolution Professional (RP) of Housing Development and Infrastructure Limited (HDIL) to accept their claims for outstanding water supply dues. IA/418/2024 relates to a claim of Rs. 3,59,09,043, while IA/378/2024 concerns a claim of Rs. 1,03,52,710. The Corporate Insolvency Resolution Process (CIRP) against HDIL was initiated on August 20, 2019. MCGM claimed that HDIL, as the owner/developer of various properties, was liable to pay statutory dues for water supply since 2006. MCGM sent demand notices to Mr. Wariyam Singh, purportedly connected to the Dream Malls Project, but not directly to the Corporate Debtor or the RP. The
…Corporate Insolvency Resolution Process (CIRP)…
The present two IAs…