The case involves an application (IA 1138/2020) filed by The Best Towers Private Limited against Reliance Communications Limited (Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant sought direction to the Resolution Professional for admission of a supplementary claim, direction for priority payment, and provision of a copy of the Resolution Plan in the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor was admitted into CIRP on 2018-05-15. The applicant filed a claim in Form B on 2019-05-18 for Rs. 103,20,44,352/-, based on a Common Award passed by the Micro, Small and Medium Enterprises Facilitation Council, Patna. The applicant realized an error in the claim form and computed an additional claim, which
…The Best Towers Private Limited filed an application (IA 1138/2020) against Reliance Communications Limited (Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into the CIRP process on 2018-05-15. The applicant filed a claim in Form B on 2019-05-18 for Rs. 103,20,44,352/-, based on a Common Award passed by the Micro, Small and Medium Enterprises Facilitation Council, Patna on 2018-02-06. The decree attained finality, upheld by the Division Bench of Patna High Court on 2019-10-16. The applicant realized on 2020-03-17 that the claim form contained a claim for the period up to 2018-05-15 instead of 2019-05-07. The applicant computed an additional claim and filed it with the RP, who refused to admit it on
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Common Award passed by the Micro, Small and…
The case involves an application (IA 1138/2020) filed by The Best Towers Private Limited against Reliance Communications Limited (Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant sought direction to the Resolution Professional for admission of a supplementary claim, direction for priority payment, and provision of a copy of the Resolution Plan in the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor was admitted into CIRP on 2018-05-15. The applicant filed a claim in Form B on 2019-05-18 for Rs. 103,20,44,352/-, based on a Common Award passed by the Micro, Small and Medium Enterprises Facilitation Council, Patna. The applicant realized an error in the claim form and computed an additional claim, which
…The Best Towers Private Limited filed an application (IA 1138/2020) against Reliance Communications Limited (Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into the CIRP process on 2018-05-15. The applicant filed a claim in Form B on 2019-05-18 for Rs. 103,20,44,352/-, based on a Common Award passed by the Micro, Small and Medium Enterprises Facilitation Council, Patna on 2018-02-06. The decree attained finality, upheld by the Division Bench of Patna High Court on 2019-10-16. The applicant realized on 2020-03-17 that the claim form contained a claim for the period up to 2018-05-15 instead of 2019-05-07. The applicant computed an additional claim and filed it with the RP, who refused to admit it on
…In the matt…
Common Award passed by the Micro, Small and…