This case involves an application (I.A. 2219/2020) filed by the Commercial Tax & GST Officer, Bhubaneshwar, Odisha, against Reliance Telecom Limited (Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant sought condonation of delay in filing their claim in the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated against the Corporate Debtor on 15.05.2018. The applicant claimed they were unaware of the CIRP until July 2020, after which they submitted their claim on 12.08.2020. The Resolution Professional (RP) rejected the claim, citing that the resolution plan was approved on 04.03.2020 and the claim was submitted after the approval.
The Commercial Tax & GST Officer, Bhubaneshwar, Odisha, filed a claim against Reliance Telecom Limited (Corporate Debtor) for outstanding tax liabilities. The Corporate Debtor was carrying on business activities in Odisha and was registered under the Orissa Value Added Tax Act. The Corporate Debtor was re-assessed under the Orissa Entry Tax Act, 1999, for the tax period of 01/04/2005 to 30/11/2009. The applicant issued various demand notices to the Corporate Debtor in 2019, but no payment was made. The applicant claimed they became aware of the CIRP in July 2020 and submitted their claim on 12/08/2020. The CIRP against the Corporate Debtor was initiated on 15/05/2018. The last date for submission of claims was 21/05/2019, and the resolution plan was approved by the
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This case involves an application (I.A. 2219/2020) filed by the Commercial Tax & GST Officer, Bhubaneshwar, Odisha, against Reliance Telecom Limited (Corporate Debtor) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant sought condonation of delay in filing their claim in the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated against the Corporate Debtor on 15.05.2018. The applicant claimed they were unaware of the CIRP until July 2020, after which they submitted their claim on 12.08.2020. The Resolution Professional (RP) rejected the claim, citing that the resolution plan was approved on 04.03.2020 and the claim was submitted after the approval.
The Commercial Tax & GST Officer, Bhubaneshwar, Odisha, filed a claim against Reliance Telecom Limited (Corporate Debtor) for outstanding tax liabilities. The Corporate Debtor was carrying on business activities in Odisha and was registered under the Orissa Value Added Tax Act. The Corporate Debtor was re-assessed under the Orissa Entry Tax Act, 1999, for the tax period of 01/04/2005 to 30/11/2009. The applicant issued various demand notices to the Corporate Debtor in 2019, but no payment was made. The applicant claimed they became aware of the CIRP in July 2020 and submitted their claim on 12/08/2020. The CIRP against the Corporate Debtor was initiated on 15/05/2018. The last date for submission of claims was 21/05/2019, and the resolution plan was approved by the
…Tribunal initiated the…
RP issued P…