The case involves an application filed by Bafna Auto Carriers, an operational creditor, against Sical Logistics Limited, the corporate debtor, seeking a direction to the Resolution Professional to consider their claim. The applicant filed Form-B after a delay of 362 days, after the approval of the resolution plan by the Committee of Creditors (CoC). The Resolution Professional rejected the claim due to the delay.
Bafna Auto Carriers, an operational creditor, filed an application against Sical Logistics Limited. A vehicle Hire Agreement was entered between the Applicant and the Corporate Debtor on 2016-10-20. The Corporate Debtor was admitted to Insolvency on 2021-04-10. The applicant filed a claim for Rs. 99,83,410. The Resolution Professional communicated on 2022-08-25 that the claim was not verified as it was not submitted within the time frame. The public announcement was made on 2021-03-13, and the last date for submission of claim was 2021-08-10, including an exclusion of 63 days due to COVID lockdown. The Resolution Plan was voted upon between 2022-02-21 and 2022-03-18, and the application for approval was filed on 2022-03-26. The applicant filed Form-B on 2022-08-06,
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A vehicle Hire…
The Corporate Debtor…
The case involves an application filed by Bafna Auto Carriers, an operational creditor, against Sical Logistics Limited, the corporate debtor, seeking a direction to the Resolution Professional to consider their claim. The applicant filed Form-B after a delay of 362 days, after the approval of the resolution plan by the Committee of Creditors (CoC). The Resolution Professional rejected the claim due to the delay.
Bafna Auto Carriers, an operational creditor, filed an application against Sical Logistics Limited. A vehicle Hire Agreement was entered between the Applicant and the Corporate Debtor on 2016-10-20. The Corporate Debtor was admitted to Insolvency on 2021-04-10. The applicant filed a claim for Rs. 99,83,410. The Resolution Professional communicated on 2022-08-25 that the claim was not verified as it was not submitted within the time frame. The public announcement was made on 2021-03-13, and the last date for submission of claim was 2021-08-10, including an exclusion of 63 days due to COVID lockdown. The Resolution Plan was voted upon between 2022-02-21 and 2022-03-18, and the application for approval was filed on 2022-03-26. The applicant filed Form-B on 2022-08-06,
…A vehicle Hire…
The Corporate Debtor…