This is an application, IA 3247/2022, filed under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, by Sharad G. Kathawate, the Applicant, in the Corporate Insolvency Resolution Process (CIRP) of M/s Satra Properties (India) Limited, the Corporate Debtor. The applicant is seeking verification and admission of his claim of Rs. 18,40,029/-, direction to clear pending dues of the same amount by arranging funds, payment of the claim on a priority basis, and direction to the Resolution Professional to consider resolution plans fairly. The applicant claims to be aggrieved by the non-redressal of his legal, valid, and bonafide claim.
Sharad G. Kathawate, the Applicant, filed IA 3247/2022 in the CIRP of M/s Satra Properties (India) Limited, the Corporate Debtor, seeking admission and payment of his claim of Rs. 18,40,029/-. The Applicant was appointed as Chief Financial Officer in Satra Property Developers Pvt. Ltd. with a salary of Rs. 30,00,000/- per annum. He was later appointed as Chief Financial Officer in the Corporate Debtor w.e.f. 31st May 2017. The Applicant claims unpaid salary from September 2017 to November 2017, amounting to Rs. 8,98,387/-, and reimbursement of Rs. 1,36,858/- for driver's salary and fuel. He also claims Rs. 1,25,000/- for leave encashment. The IRP initially admitted Rs. 8,98,387/- but later rejected the claim. The Applicant submitted his claim within the stipulated
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Applicant was appointed as 'Chief Financial…
Applicant was appointed…
This is an application, IA 3247/2022, filed under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, by Sharad G. Kathawate, the Applicant, in the Corporate Insolvency Resolution Process (CIRP) of M/s Satra Properties (India) Limited, the Corporate Debtor. The applicant is seeking verification and admission of his claim of Rs. 18,40,029/-, direction to clear pending dues of the same amount by arranging funds, payment of the claim on a priority basis, and direction to the Resolution Professional to consider resolution plans fairly. The applicant claims to be aggrieved by the non-redressal of his legal, valid, and bonafide claim.
Sharad G. Kathawate, the Applicant, filed IA 3247/2022 in the CIRP of M/s Satra Properties (India) Limited, the Corporate Debtor, seeking admission and payment of his claim of Rs. 18,40,029/-. The Applicant was appointed as Chief Financial Officer in Satra Property Developers Pvt. Ltd. with a salary of Rs. 30,00,000/- per annum. He was later appointed as Chief Financial Officer in the Corporate Debtor w.e.f. 31st May 2017. The Applicant claims unpaid salary from September 2017 to November 2017, amounting to Rs. 8,98,387/-, and reimbursement of Rs. 1,36,858/- for driver's salary and fuel. He also claims Rs. 1,25,000/- for leave encashment. The IRP initially admitted Rs. 8,98,387/- but later rejected the claim. The Applicant submitted his claim within the stipulated
…Applicant was appointed as 'Chief Financial…
Applicant was appointed…