The case involves an application (IA(IBC)/665(CHE)/2022) filed under Section 42 and 60(5) of the Insolvency and Bankruptcy Code 2016, read with Rule 11 of NCLT Rules, 2016, seeking condonation of delay in filing an appeal. Additionally, IA(IBC)/666(CHE)/2022 is an appeal filed under Section 42 of IBC, 2016, against the rejection of a claim order by the Liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2019-11-04, and subsequently, liquidation was ordered on 2022-01-21. The applicant, Group 1 Security Services, claims to have supplied goods to the Corporate Debtor during the CIRP period. The liquidator partially accepted the claim, leading to the appeal.
The Corporate Insolvency Resolution Process (CIRP) for SLO Industries Limited was initiated on 2019-11-04. The 2nd Respondent was appointed as the IRP. Subsequently, on 2022-01-21, the Tribunal ordered liquidation and appointed S. Palaniappan as the Liquidator. Group 1 Security Services (the Applicant) claims to have supplied goods to SLO Industries Limited (the Corporate Debtor) between 2021-08-02 and 2022-02-02, before the liquidation order. The Applicant filed a claim with the Liquidator on 2022-02-05. The Liquidator partially accepted the claim for Rs. 61,740/- but rejected Rs. 3,07,233/-, stating that the RP had not approved the invoices. The RP had claimed GST input Tax Credit for the invoices. The Liquidator argued that no inventory was handed over by the RP and
…Sign in to view the parties.
CIRP initiated…
Tribunal ordered liquidation of the Corporate…
The case involves an application (IA(IBC)/665(CHE)/2022) filed under Section 42 and 60(5) of the Insolvency and Bankruptcy Code 2016, read with Rule 11 of NCLT Rules, 2016, seeking condonation of delay in filing an appeal. Additionally, IA(IBC)/666(CHE)/2022 is an appeal filed under Section 42 of IBC, 2016, against the rejection of a claim order by the Liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2019-11-04, and subsequently, liquidation was ordered on 2022-01-21. The applicant, Group 1 Security Services, claims to have supplied goods to the Corporate Debtor during the CIRP period. The liquidator partially accepted the claim, leading to the appeal.
The Corporate Insolvency Resolution Process (CIRP) for SLO Industries Limited was initiated on 2019-11-04. The 2nd Respondent was appointed as the IRP. Subsequently, on 2022-01-21, the Tribunal ordered liquidation and appointed S. Palaniappan as the Liquidator. Group 1 Security Services (the Applicant) claims to have supplied goods to SLO Industries Limited (the Corporate Debtor) between 2021-08-02 and 2022-02-02, before the liquidation order. The Applicant filed a claim with the Liquidator on 2022-02-05. The Liquidator partially accepted the claim for Rs. 61,740/- but rejected Rs. 3,07,233/-, stating that the RP had not approved the invoices. The RP had claimed GST input Tax Credit for the invoices. The Liquidator argued that no inventory was handed over by the RP and
…CIRP initiated…
Tribunal ordered liquidation of the Corporate…