The case involves an application filed by Mr. Arvind Pradhan Bhanushali, a homebuyer, seeking direction to the Resolution Professional (RP) of JSM Devcons Pvt Ltd to accept and admit his claim in totality within the Corporate Insolvency Resolution Process (CIRP). The applicant claims to have purchased 14 flats in the 'Pinnacle D Dreams' project and paid a portion of the total consideration. The RP objected to the claim, stating it was belated as the Resolution Plan had already been approved by the Committee of Creditors (CoC).
Mr. Arvind Pradhan Bhanushali, a homebuyer, filed an application seeking the acceptance of his claim in the CIRP of JSM Devcons Pvt Ltd. He claimed to have purchased 14 flats in the 'Pinnacle D Dreams' project, paying Rs. 71,47,000/- out of a total consideration of Rs. 3,25,00,000/-. The applicant stated that he filed his claim in Form CA on 23.02.2024, but the Resolution Plan had already been approved by the CoC in August 2023. The applicant argued he was unaware of the CIRP due to being a resident of Mumbai. The RP contended that the applicant's claim was belated and that public announcements and notices were made to inform claimants. The RP also stated that 10 of the 14 units claimed by the applicant were already claimed by other claimants who had submitted their
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Corporate Debtor…
The case involves an application filed by Mr. Arvind Pradhan Bhanushali, a homebuyer, seeking direction to the Resolution Professional (RP) of JSM Devcons Pvt Ltd to accept and admit his claim in totality within the Corporate Insolvency Resolution Process (CIRP). The applicant claims to have purchased 14 flats in the 'Pinnacle D Dreams' project and paid a portion of the total consideration. The RP objected to the claim, stating it was belated as the Resolution Plan had already been approved by the Committee of Creditors (CoC).
Mr. Arvind Pradhan Bhanushali, a homebuyer, filed an application seeking the acceptance of his claim in the CIRP of JSM Devcons Pvt Ltd. He claimed to have purchased 14 flats in the 'Pinnacle D Dreams' project, paying Rs. 71,47,000/- out of a total consideration of Rs. 3,25,00,000/-. The applicant stated that he filed his claim in Form CA on 23.02.2024, but the Resolution Plan had already been approved by the CoC in August 2023. The applicant argued he was unaware of the CIRP due to being a resident of Mumbai. The RP contended that the applicant's claim was belated and that public announcements and notices were made to inform claimants. The RP also stated that 10 of the 14 units claimed by the applicant were already claimed by other claimants who had submitted their
…The main mat…
Corporate Debtor…