The application IA 329/2021 was filed by The Best Towers Private Limited ("Applicant") in the matter of Reliance Communication Limited (Corporate Debtor) under Section 60(5) of The Insolvency and Bankruptcy Code, 2016 ("Code") in the Corporate Insolvency Resolution Process (“CIRP”), seeking an order of this Tribunal for setting aside the Advertisement dated 07.05.2019 inviting submission of claim; for rejection of the Resolution Plan pending for approval before this Tribunal; and for impleading the Applicant in the Plan Approval Application as Respondent. Ericsson India Pvt. Ltd., filed one application, namely CP (IB)1387/2017, before this Tribunal on 11.09.2017 seeking initiation of CIRP in the case of Corporate Debtor u/s 9 of the Insolvency and
…The Best Towers Private Limited filed an application (IA 329/2021) seeking to set aside an advertisement for claim submissions, reject a resolution plan, and be impleaded as a respondent in the plan approval application related to Reliance Communications Limited's CIRP. Ericsson India Pvt. Ltd. had previously initiated CIRP against Reliance Communications Limited, which was admitted on 15.05.2018. The applicant alleged that the IRP made a false statement regarding the date for inviting claims, claiming it was fraudulently altered from 15.05.2018 to 07.05.2019, which would result in a 15-20% hike in claims due to additional interest. The applicant also claimed the IRP committed forgery by stating the date change was orally directed by the adjudicating authority. The
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The Best Towers Private…
Ericsson India Pvt. Ltd. filed CP…
The application IA 329/2021 was filed by The Best Towers Private Limited ("Applicant") in the matter of Reliance Communication Limited (Corporate Debtor) under Section 60(5) of The Insolvency and Bankruptcy Code, 2016 ("Code") in the Corporate Insolvency Resolution Process (“CIRP”), seeking an order of this Tribunal for setting aside the Advertisement dated 07.05.2019 inviting submission of claim; for rejection of the Resolution Plan pending for approval before this Tribunal; and for impleading the Applicant in the Plan Approval Application as Respondent. Ericsson India Pvt. Ltd., filed one application, namely CP (IB)1387/2017, before this Tribunal on 11.09.2017 seeking initiation of CIRP in the case of Corporate Debtor u/s 9 of the Insolvency and
…The Best Towers Private Limited filed an application (IA 329/2021) seeking to set aside an advertisement for claim submissions, reject a resolution plan, and be impleaded as a respondent in the plan approval application related to Reliance Communications Limited's CIRP. Ericsson India Pvt. Ltd. had previously initiated CIRP against Reliance Communications Limited, which was admitted on 15.05.2018. The applicant alleged that the IRP made a false statement regarding the date for inviting claims, claiming it was fraudulently altered from 15.05.2018 to 07.05.2019, which would result in a 15-20% hike in claims due to additional interest. The applicant also claimed the IRP committed forgery by stating the date change was orally directed by the adjudicating authority. The
…The Best Towers Private…
Ericsson India Pvt. Ltd. filed CP…