The Regional Provident Fund Commissioner-II (Legal) filed an application under Section 60(5) of the IBC, 2016, aggrieved by the Resolution Professional's rejection of their claim for Provident Fund dues of the workmen and employees of Kimaya Industries Private Limited. The applicant claimed Rs. 1,98,74,168/- towards assessed payable contributions, damages, and interest for default periods. The Corporate Debtor, Kimaya Industries Private Limited, had defaulted in remitting the contribution towards the Provident Fund. Corporate insolvency resolution proceedings were initiated against the corporate debtor on 03/02/2023. The applicant concluded inquiry proceedings and assessed payable contributions, damages, and interest before making a claim, which was rejected by the
…The Regional Provident Fund Commissioner-II (Legal) filed an application against the Resolution Professional of Kimaya Industries Private Limited, seeking the admission of Provident Fund dues. Kimaya Industries Private Limited defaulted in remitting contributions towards the Provident Fund. Corporate insolvency resolution proceedings were initiated against Kimaya Industries Private Limited on 03/02/2023. The applicant claimed Rs. 1,98,74,168/- towards assessed payable contributions, damages, and interest for default periods from 01/01/2017 to 31/03/2023. The applicant concluded inquiry proceedings and assessed payable contributions, damages, and interest before making a claim, which was rejected by the Respondent on 22/07/2024. The applicant's claim was filed after the
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Corporate insolvency resolution proceedings…
The Respondent intimated about the…
The Regional Provident Fund Commissioner-II (Legal) filed an application under Section 60(5) of the IBC, 2016, aggrieved by the Resolution Professional's rejection of their claim for Provident Fund dues of the workmen and employees of Kimaya Industries Private Limited. The applicant claimed Rs. 1,98,74,168/- towards assessed payable contributions, damages, and interest for default periods. The Corporate Debtor, Kimaya Industries Private Limited, had defaulted in remitting the contribution towards the Provident Fund. Corporate insolvency resolution proceedings were initiated against the corporate debtor on 03/02/2023. The applicant concluded inquiry proceedings and assessed payable contributions, damages, and interest before making a claim, which was rejected by the
…The Regional Provident Fund Commissioner-II (Legal) filed an application against the Resolution Professional of Kimaya Industries Private Limited, seeking the admission of Provident Fund dues. Kimaya Industries Private Limited defaulted in remitting contributions towards the Provident Fund. Corporate insolvency resolution proceedings were initiated against Kimaya Industries Private Limited on 03/02/2023. The applicant claimed Rs. 1,98,74,168/- towards assessed payable contributions, damages, and interest for default periods from 01/01/2017 to 31/03/2023. The applicant concluded inquiry proceedings and assessed payable contributions, damages, and interest before making a claim, which was rejected by the Respondent on 22/07/2024. The applicant's claim was filed after the
…Corporate insolvency resolution proceedings…
The Respondent intimated about the…