The interlocutory application IA No.2409 (PB) 2023 was filed by Mr. Ashish Singhal, an allottee in the 'Green Parc' project of the Corporate Debtor, Sare Gurugram Private Limited. The applicant sought directions for the Resolution Professional to include his claim in the list of financial creditors, condone the delay in filing the claim, and recognize the applicant's rights within the resolution plan. The applicant's claim was rejected by the RP due to belated submission.
Mr. Ashish Singhal, an allottee in the 'Green Parc' project of Sare Gurugram Private Limited, filed IA No.2409 (PB) 2023 seeking inclusion of his claim as a financial creditor. The Resolution Professional (RP) rejected his claim due to a delay in submission. The public announcement for submission of claims was made on 2021-03-12, with a deadline of 2021-03-24. The applicant submitted his claim on 2023-04-02, approximately 739 days late. The applicant cited relocation to Singapore in July 2015 as the reason for the delay. The Resolution Plan for the Corporate Debtor had already been approved by the Adjudicating Authority on 2023-04-24. The applicant argued that the delay should be condoned based on the NCLAT's judgment in "Puneet Kaur v/s K V Developers,"
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Mr. Ashish Singhal…
Resolution Professional…
The interlocutory application IA No.2409 (PB) 2023 was filed by Mr. Ashish Singhal, an allottee in the 'Green Parc' project of the Corporate Debtor, Sare Gurugram Private Limited. The applicant sought directions for the Resolution Professional to include his claim in the list of financial creditors, condone the delay in filing the claim, and recognize the applicant's rights within the resolution plan. The applicant's claim was rejected by the RP due to belated submission.
Mr. Ashish Singhal, an allottee in the 'Green Parc' project of Sare Gurugram Private Limited, filed IA No.2409 (PB) 2023 seeking inclusion of his claim as a financial creditor. The Resolution Professional (RP) rejected his claim due to a delay in submission. The public announcement for submission of claims was made on 2021-03-12, with a deadline of 2021-03-24. The applicant submitted his claim on 2023-04-02, approximately 739 days late. The applicant cited relocation to Singapore in July 2015 as the reason for the delay. The Resolution Plan for the Corporate Debtor had already been approved by the Adjudicating Authority on 2023-04-24. The applicant argued that the delay should be condoned based on the NCLAT's judgment in "Puneet Kaur v/s K V Developers,"
…Mr. Ashish Singhal…
Resolution Professional…