The case involves an application by a creditor of Smartec Build Systems Pvt Ltd, the Corporate Debtor (CD), seeking to set aside the rejection or dismissal of their claim by the Liquidator. The applicant claims to have filed their claim of Rs 27,08,620 on 02.03.2023, within 30 days of becoming aware of the CIRP proceedings after receiving an email from the Liquidator on 02.02.2023. The CIRP commenced on 29.03.2019, and a Resolution Professional (RP) was appointed. Due to the company having no assets, the Committee of Creditors (CoC) passed a resolution for liquidation, which was ordered by the Adjudicating Authority on 13.11.2019. The Liquidator made public announcements in Form-B on 06.12.2019.
Usha International Limited, a creditor of Smartec Build Systems Pvt Ltd (the Corporate Debtor), filed a claim of Rs 27,08,620 with the Liquidator on 02.03.2023. The creditor became aware of the Corporate Insolvency Resolution Process (CIRP) proceedings on 02.02.2023, after receiving an email from the Liquidator. The CIRP had commenced on 29.03.2019, and a Resolution Professional was appointed. The Committee of Creditors (CoC) resolved for liquidation due to the company's lack of assets, and the Adjudicating Authority ordered liquidation on 13.11.2019. The Liquidator made public announcements on 06.12.2019. The creditor's claim was submitted more than 3 years after the public notice, resulting in a delay of 1182 days. The Liquidator has filed an IA for the dissolution
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The case involves an application by a creditor of Smartec Build Systems Pvt Ltd, the Corporate Debtor (CD), seeking to set aside the rejection or dismissal of their claim by the Liquidator. The applicant claims to have filed their claim of Rs 27,08,620 on 02.03.2023, within 30 days of becoming aware of the CIRP proceedings after receiving an email from the Liquidator on 02.02.2023. The CIRP commenced on 29.03.2019, and a Resolution Professional (RP) was appointed. Due to the company having no assets, the Committee of Creditors (CoC) passed a resolution for liquidation, which was ordered by the Adjudicating Authority on 13.11.2019. The Liquidator made public announcements in Form-B on 06.12.2019.
Usha International Limited, a creditor of Smartec Build Systems Pvt Ltd (the Corporate Debtor), filed a claim of Rs 27,08,620 with the Liquidator on 02.03.2023. The creditor became aware of the Corporate Insolvency Resolution Process (CIRP) proceedings on 02.02.2023, after receiving an email from the Liquidator. The CIRP had commenced on 29.03.2019, and a Resolution Professional was appointed. The Committee of Creditors (CoC) resolved for liquidation due to the company's lack of assets, and the Adjudicating Authority ordered liquidation on 13.11.2019. The Liquidator made public announcements on 06.12.2019. The creditor's claim was submitted more than 3 years after the public notice, resulting in a delay of 1182 days. The Liquidator has filed an IA for the dissolution
…The Corporate…
The Adjudicating…