Candor Kolkata One Hi-Tech Structures Private Limited filed an application (I.A. (IB) No. 1660/KB/2022) in C.P. (IB) No. 295/KB/2021 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with rule 11 of the National Company Law Tribunal Rules, 2016, seeking directions to set aside the rejection of its claim by the Administrator of SREI Infrastructure Finance Limited (SIFL), to include the claim amount in the list of creditors, and to publish a revised list of claims on SREI's website. The applicant and SREI Infrastructure Finance Limited (SIFL) entered into three Inter Corporate Deposit Agreements in January 2012, where Rs.150 crore was disbursed to SIFL, to be repaid with interest. SIFL failed to repay, leading to arbitral proceedings where SIFL was
…In January 2012, Candor Kolkata One Hi-Tech Structures Private Limited (Applicant) and SREI Infrastructure Finance Limited (SIFL) entered into three Inter Corporate Deposit Agreements, where Rs. 150 crore was disbursed to SIFL. SIFL was to repay the amount with interest. SIFL failed to repay, leading to arbitral proceedings. On December 11, 2017, the Arbitral Tribunal directed SIFL to repay Rs. 224,05,72,875/- plus costs. SIFL challenged the awards in the High Court at Calcutta, which were dismissed on September 2, 2019. SIFL filed appeals before the Division Bench of the High Court, which were dismissed on December 3, 2019. SIFL challenged the dismissals before the Supreme Court, which dismissed the Special Leave Petition on December 17, 2019. On October 22, 2021, the
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Candor Kolkata One Hi-Tech Structures Private Limited filed an application (I.A. (IB) No. 1660/KB/2022) in C.P. (IB) No. 295/KB/2021 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with rule 11 of the National Company Law Tribunal Rules, 2016, seeking directions to set aside the rejection of its claim by the Administrator of SREI Infrastructure Finance Limited (SIFL), to include the claim amount in the list of creditors, and to publish a revised list of claims on SREI's website. The applicant and SREI Infrastructure Finance Limited (SIFL) entered into three Inter Corporate Deposit Agreements in January 2012, where Rs.150 crore was disbursed to SIFL, to be repaid with interest. SIFL failed to repay, leading to arbitral proceedings where SIFL was
…In January 2012, Candor Kolkata One Hi-Tech Structures Private Limited (Applicant) and SREI Infrastructure Finance Limited (SIFL) entered into three Inter Corporate Deposit Agreements, where Rs. 150 crore was disbursed to SIFL. SIFL was to repay the amount with interest. SIFL failed to repay, leading to arbitral proceedings. On December 11, 2017, the Arbitral Tribunal directed SIFL to repay Rs. 224,05,72,875/- plus costs. SIFL challenged the awards in the High Court at Calcutta, which were dismissed on September 2, 2019. SIFL filed appeals before the Division Bench of the High Court, which were dismissed on December 3, 2019. SIFL challenged the dismissals before the Supreme Court, which dismissed the Special Leave Petition on December 17, 2019. On October 22, 2021, the
…Candor Kolkata One Hi-Tech Structures Private…
The Arbitral Tribunal…