The application was filed by M/s. Silpa Projects and Infrastructure (I) Private Limited under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rules 11 and 32 of the NCLT Rules, 2016, seeking the condonation of a 329-day delay in filing a claim (Annexure A2) before the Resolution Professional (RP) and to quash the rejection e-mail (Annexure A1). The applicant also sought a direction to the RP to admit their claim. The applicant's claim of Rs 14,56,85,548/- is related to two projects undertaken for the Corporate Debtor. The applicant states that the amounts due are secured by attachment orders under Section 9 of the Arbitration & Conciliation Act, 1996. The Corporate Debtor created an equitable mortgage in favor of the applicant by depositing
…M/s. Silpa Projects & Infrastructure (I) Private Limited (Applicant) filed an application seeking condonation of a 329-day delay in submitting a claim to the Resolution Professional (RP) of M/s. Samson and Sons Builders & Developers (P) Ltd. (Corporate Debtor). The claim amounts to Rs 14,56,85,548/- and relates to two projects undertaken by the Applicant for the Corporate Debtor. The Applicant's claim is secured by attachment orders under Section 9 of the Arbitration & Conciliation Act, 1996, and an equitable mortgage created by depositing title deeds on 10.06.2016. The RP rejected the claim on 04.01.2023, citing that it was filed after the 90-day period prescribed in Regulation 12 of the IBBI (Resolution Process for Corporate Persons) Regulations, 2016.
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The Corporate Debtor created an equitable…
Attachment orders passed under Section 9 of the…
The application was filed by M/s. Silpa Projects and Infrastructure (I) Private Limited under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rules 11 and 32 of the NCLT Rules, 2016, seeking the condonation of a 329-day delay in filing a claim (Annexure A2) before the Resolution Professional (RP) and to quash the rejection e-mail (Annexure A1). The applicant also sought a direction to the RP to admit their claim. The applicant's claim of Rs 14,56,85,548/- is related to two projects undertaken for the Corporate Debtor. The applicant states that the amounts due are secured by attachment orders under Section 9 of the Arbitration & Conciliation Act, 1996. The Corporate Debtor created an equitable mortgage in favor of the applicant by depositing
…M/s. Silpa Projects & Infrastructure (I) Private Limited (Applicant) filed an application seeking condonation of a 329-day delay in submitting a claim to the Resolution Professional (RP) of M/s. Samson and Sons Builders & Developers (P) Ltd. (Corporate Debtor). The claim amounts to Rs 14,56,85,548/- and relates to two projects undertaken by the Applicant for the Corporate Debtor. The Applicant's claim is secured by attachment orders under Section 9 of the Arbitration & Conciliation Act, 1996, and an equitable mortgage created by depositing title deeds on 10.06.2016. The RP rejected the claim on 04.01.2023, citing that it was filed after the 90-day period prescribed in Regulation 12 of the IBBI (Resolution Process for Corporate Persons) Regulations, 2016.
…The Corporate Debtor created an equitable…
Attachment orders passed under Section 9 of the…