This is an interlocutory application filed under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of NCLT Rules and Regulation 7 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The applicant, Hitesh Goel, RP for Bhadreshwar Vidhyut Pvt Ltd, sought a direction for the Resolution Professional (RP) of Steelco Gujarat Ltd to accept its claim as an Operational Creditor. CIRP was initiated against Steelco Gujarat Ltd. on 31.12.2020 based on an application by State Bank of India. The RP invited claims from creditors, and the applicant filed a claim with necessary documents on 30.01.2021. The applicant is engaged in electricity generation and had a power projects agreement with Steelco Gujarat Ltd (SGL) dated
…The applicant, Hitesh Goel, RP for Bhadreshwar Vidhyut Pvt Ltd, filed an interlocutory application seeking a direction for the Resolution Professional (RP) of Steelco Gujarat Ltd to accept its claim as an Operational Creditor. CIRP was initiated against Steelco Gujarat Ltd. on 31.12.2020 based on an application by State Bank of India. The applicant filed a claim with necessary documents on 30.01.2021. The applicant is engaged in electricity generation and had a power projects agreement with Steelco Gujarat Ltd (SGL) dated 28.12.2016. SGL stopped taking power from the applicant after February 2019, but the approval was valid until 31.03.2019. The applicant submitted a claim of Rs.20,75,49,380/-, but the RP accepted only Rs.81,01,339/-. The RP rejected a portion of the
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CIRP was initiated against Steelco Gujarat Ltd.…
The applicant, Hitesh Goel, filed a claim…
This is an interlocutory application filed under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of NCLT Rules and Regulation 7 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The applicant, Hitesh Goel, RP for Bhadreshwar Vidhyut Pvt Ltd, sought a direction for the Resolution Professional (RP) of Steelco Gujarat Ltd to accept its claim as an Operational Creditor. CIRP was initiated against Steelco Gujarat Ltd. on 31.12.2020 based on an application by State Bank of India. The RP invited claims from creditors, and the applicant filed a claim with necessary documents on 30.01.2021. The applicant is engaged in electricity generation and had a power projects agreement with Steelco Gujarat Ltd (SGL) dated
…The applicant, Hitesh Goel, RP for Bhadreshwar Vidhyut Pvt Ltd, filed an interlocutory application seeking a direction for the Resolution Professional (RP) of Steelco Gujarat Ltd to accept its claim as an Operational Creditor. CIRP was initiated against Steelco Gujarat Ltd. on 31.12.2020 based on an application by State Bank of India. The applicant filed a claim with necessary documents on 30.01.2021. The applicant is engaged in electricity generation and had a power projects agreement with Steelco Gujarat Ltd (SGL) dated 28.12.2016. SGL stopped taking power from the applicant after February 2019, but the approval was valid until 31.03.2019. The applicant submitted a claim of Rs.20,75,49,380/-, but the RP accepted only Rs.81,01,339/-. The RP rejected a portion of the
…CIRP was initiated against Steelco Gujarat Ltd.…
The applicant, Hitesh Goel, filed a claim…