The case involves an interlocutory application (I.A.(IBC)/4503/2023) filed by Mrs. Soni Singh & Anr. seeking condonation of delay in filing their claim as financial creditors in the Corporate Insolvency Resolution Process (CIRP) of M/s. Sarvottam Realcon Private Limited. The CIRP was initiated based on an order dated 09.07.2021, and Mr. Sandeep Goel was appointed as the Resolution Professional. The public announcement inviting claims was made on 14.07.2021, with a deadline of 26.07.2021. The applicants filed their claim on 24.02.2023, which was rejected by the Resolution Professional on 03.03.2023 because it was filed after a delay of 579 days and a resolution plan was already pending approval.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Sarvottam Realcon Private Limited. The public announcement for inviting claims was made on 2021-07-14, setting the last date for submission as 2021-07-26. Mrs. Soni Singh & Anr. (the applicants) filed their claim as financial creditors on 2023-02-24, which was 579 days after the deadline. The applicants sought condonation of a 503-day delay (from 2021-10-10 to 2023-02-24) in filing Form CA. The applicants claimed a total of INR 74,41,437.88, including INR 48,68,302 as the principal amount and 8% interest per annum. The Resolution Professional (RP) rejected the claim on 2023-03-03, citing the delay and the pendency of a resolution plan approval. The applicants attributed the delay to
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Corporate Insolvency Resolution Process was…
Public announcement…
The case involves an interlocutory application (I.A.(IBC)/4503/2023) filed by Mrs. Soni Singh & Anr. seeking condonation of delay in filing their claim as financial creditors in the Corporate Insolvency Resolution Process (CIRP) of M/s. Sarvottam Realcon Private Limited. The CIRP was initiated based on an order dated 09.07.2021, and Mr. Sandeep Goel was appointed as the Resolution Professional. The public announcement inviting claims was made on 14.07.2021, with a deadline of 26.07.2021. The applicants filed their claim on 24.02.2023, which was rejected by the Resolution Professional on 03.03.2023 because it was filed after a delay of 579 days and a resolution plan was already pending approval.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Sarvottam Realcon Private Limited. The public announcement for inviting claims was made on 2021-07-14, setting the last date for submission as 2021-07-26. Mrs. Soni Singh & Anr. (the applicants) filed their claim as financial creditors on 2023-02-24, which was 579 days after the deadline. The applicants sought condonation of a 503-day delay (from 2021-10-10 to 2023-02-24) in filing Form CA. The applicants claimed a total of INR 74,41,437.88, including INR 48,68,302 as the principal amount and 8% interest per annum. The Resolution Professional (RP) rejected the claim on 2023-03-03, citing the delay and the pendency of a resolution plan approval. The applicants attributed the delay to
…Corporate Insolvency Resolution Process was…
Public announcement…