The Deputy Director, Employees State Insurance Corporation filed an application under Section 60 (5) of the Insolvency & Bankruptcy Code, 2016, seeking to set aside the rejection of their claim by the Resolution Professional. The Corporate Debtor, Viceroy Hotels Limited, was covered under the Employees State Insurance Act, 1948, and failed to comply with its provisions by not paying contributions. The Asset Reconstruction Company/financial creditor initiated liquidation proceedings against the corporate debtor, and the applicant filed a claim in Form-F before the Resolution Professional. The Resolution Professional rejected the claim, stating that the claim submission process closed in 2018 and they lacked the authority to accept claims.
The Deputy Director of Employees State Insurance Corporation (ESIC) filed an application against the Resolution Professional of Viceroy Hotels Limited, seeking to set aside the rejection of ESIC's claim. Viceroy Hotels Limited, as the Principal Employer, was covered under the Employees State Insurance Act, 1948, but failed to pay contributions, interest, and damages. The Asset Reconstruction Company initiated liquidation proceedings against Viceroy Hotels Limited. ESIC filed its claim in Form-F with the Resolution Professional, who rejected it, citing the closure of the claim submission process in 2018 and lack of authorization to accept late claims. ESIC argued that the rejection was arbitrary, the dues were statutory with priority under Section 94 of the ESIC Act,
…Sign in to view the parties.
The applicant contended that the Tribunal…
The Resolution Professional published the…
The Deputy Director, Employees State Insurance Corporation filed an application under Section 60 (5) of the Insolvency & Bankruptcy Code, 2016, seeking to set aside the rejection of their claim by the Resolution Professional. The Corporate Debtor, Viceroy Hotels Limited, was covered under the Employees State Insurance Act, 1948, and failed to comply with its provisions by not paying contributions. The Asset Reconstruction Company/financial creditor initiated liquidation proceedings against the corporate debtor, and the applicant filed a claim in Form-F before the Resolution Professional. The Resolution Professional rejected the claim, stating that the claim submission process closed in 2018 and they lacked the authority to accept claims.
The Deputy Director of Employees State Insurance Corporation (ESIC) filed an application against the Resolution Professional of Viceroy Hotels Limited, seeking to set aside the rejection of ESIC's claim. Viceroy Hotels Limited, as the Principal Employer, was covered under the Employees State Insurance Act, 1948, but failed to pay contributions, interest, and damages. The Asset Reconstruction Company initiated liquidation proceedings against Viceroy Hotels Limited. ESIC filed its claim in Form-F with the Resolution Professional, who rejected it, citing the closure of the claim submission process in 2018 and lack of authorization to accept late claims. ESIC argued that the rejection was arbitrary, the dues were statutory with priority under Section 94 of the ESIC Act,
…The applicant contended that the Tribunal…
The Resolution Professional published the…