The applicant filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, challenging the conditional acceptance of its claim by the Resolution Professional (RP) of the Corporate Debtor. The applicant sought directions from the Adjudicating Authority to admit its claim unconditionally.
The Corporate Insolvency Resolution Process ( CIRP ) against Jaatvedas Construction Co. Pvt. Ltd. commenced on September 16, 2022, following an order by the Tribunal. Mr. Sitansh Magia was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor. This initiated the process for creditors to file their claims against the corporate debtor. Eversmile Properties Private Limited, the applicant, filed a claim of Rs. 5,95,93,782/- on January 10, 2023, with the IRP. This amount was calculated as a total claim of Rs. 6,90,33,264 less an amount of Rs. 94,39,482/- already appropriated under a letter dated July 5, 2022. The applicant forwarded its claim to the newly appointed Resolution Professional (RP) on January 19, 2023, after learning of his appointment
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Corporate Insolvency Resolution Process (CIRP)…
Mr. Kailash T. Shah was appointed as the…
The applicant filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, challenging the conditional acceptance of its claim by the Resolution Professional (RP) of the Corporate Debtor. The applicant sought directions from the Adjudicating Authority to admit its claim unconditionally.
The Corporate Insolvency Resolution Process ( CIRP ) against Jaatvedas Construction Co. Pvt. Ltd. commenced on September 16, 2022, following an order by the Tribunal. Mr. Sitansh Magia was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor. This initiated the process for creditors to file their claims against the corporate debtor. Eversmile Properties Private Limited, the applicant, filed a claim of Rs. 5,95,93,782/- on January 10, 2023, with the IRP. This amount was calculated as a total claim of Rs. 6,90,33,264 less an amount of Rs. 94,39,482/- already appropriated under a letter dated July 5, 2022. The applicant forwarded its claim to the newly appointed Resolution Professional (RP) on January 19, 2023, after learning of his appointment
…Corporate Insolvency Resolution Process (CIRP)…
Mr. Kailash T. Shah was appointed as the…