The case involves an application filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, seeking condonation of delay in filing claims before the IRP/RP against M/s. Unitech Machines Ltd (Corporate Debtor). The applicant, an Excise & Taxation Officer-cum-Assessing Authority, Gurugram (North), Haryana, sought to condone a delay of approximately 621 days in filing claims amounting to Rs. 30,94,52,897, pertaining to the Applicant Department, calculated as of 02.02.2021.
The Excise & Taxation Officer-cum-Assessing Authority, Gurugram (North), Haryana, filed a claim against M/s. Unitech Machines Ltd (Corporate Debtor) for Rs. 30,94,52,897, calculated as of 02.02.2021. The Corporate Debtor was a registered dealer under the Haryana Value Added Tax (HVAT) Act, 2003, and the Central Sales Tax (CST) Act, 1956. The CIRP of the Corporate Debtor commenced on 01.03.2019, and an IRP was appointed. The applicant claimed that the publication of the CIRP escaped their notice, resulting in a delay in filing the claim. The applicant submitted the claim on 02.02.2021, approximately 687 days after the last date for submission of claims as per the public announcement (05.03.2019). The Resolution Professional rejected the claim, citing the delay. The
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The case involves an application filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, seeking condonation of delay in filing claims before the IRP/RP against M/s. Unitech Machines Ltd (Corporate Debtor). The applicant, an Excise & Taxation Officer-cum-Assessing Authority, Gurugram (North), Haryana, sought to condone a delay of approximately 621 days in filing claims amounting to Rs. 30,94,52,897, pertaining to the Applicant Department, calculated as of 02.02.2021.
The Excise & Taxation Officer-cum-Assessing Authority, Gurugram (North), Haryana, filed a claim against M/s. Unitech Machines Ltd (Corporate Debtor) for Rs. 30,94,52,897, calculated as of 02.02.2021. The Corporate Debtor was a registered dealer under the Haryana Value Added Tax (HVAT) Act, 2003, and the Central Sales Tax (CST) Act, 1956. The CIRP of the Corporate Debtor commenced on 01.03.2019, and an IRP was appointed. The applicant claimed that the publication of the CIRP escaped their notice, resulting in a delay in filing the claim. The applicant submitted the claim on 02.02.2021, approximately 687 days after the last date for submission of claims as per the public announcement (05.03.2019). The Resolution Professional rejected the claim, citing the delay. The
…CIRP of M/s.…
Public announc…