The case involves an application filed by Kalpana Shantilal Haria (Applicant) seeking the admission of a delayed claim in the Corporate Insolvency Resolution Process (CIRP) of M/s Vijay Group Realty LLP (Corporate Debtor). The Applicant had provided financial assistance to the Corporate Debtor, and CIRP was initiated against the Corporate Debtor on 04.08.2021. The Applicant filed its claim with the Resolution Professional (Mr. Anshul Gupta) on July 03, 2023, which was beyond the stipulated 90-day period from the CIRP commencement date. The Resolution Professional rejected the claim due to the delay. The Applicant then filed an Interlocutory Application (I.A. No. 3999 of 2023) seeking condonation of the delay and admission of their claim.
Kalpana Shantilal Haria (Applicant) provided financial assistance of Rs. 75,00,000/- to M/s Vijay Group Realty LLP (Corporate Debtor) on March 09, 2018, with an interest rate of 18% per annum. The Corporate Debtor defaulted on the repayment. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 04.08.2021. The Resolution Professional (Mr. Anshul Gupta) issued Form-A inviting claims from creditors. The last date for submission of claims was August 27, 2021. The 90th day from the CIRP commencement date was November 2, 2021. The Applicant filed its claim on July 03, 2023, which was 675 days after the last date for submission and 606 days after the 90th day from CIRP commencement. The Resolution Professional rejected the claim due
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Applicant disbursed Rs.…
Corporate Insolvency…
The case involves an application filed by Kalpana Shantilal Haria (Applicant) seeking the admission of a delayed claim in the Corporate Insolvency Resolution Process (CIRP) of M/s Vijay Group Realty LLP (Corporate Debtor). The Applicant had provided financial assistance to the Corporate Debtor, and CIRP was initiated against the Corporate Debtor on 04.08.2021. The Applicant filed its claim with the Resolution Professional (Mr. Anshul Gupta) on July 03, 2023, which was beyond the stipulated 90-day period from the CIRP commencement date. The Resolution Professional rejected the claim due to the delay. The Applicant then filed an Interlocutory Application (I.A. No. 3999 of 2023) seeking condonation of the delay and admission of their claim.
Kalpana Shantilal Haria (Applicant) provided financial assistance of Rs. 75,00,000/- to M/s Vijay Group Realty LLP (Corporate Debtor) on March 09, 2018, with an interest rate of 18% per annum. The Corporate Debtor defaulted on the repayment. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 04.08.2021. The Resolution Professional (Mr. Anshul Gupta) issued Form-A inviting claims from creditors. The last date for submission of claims was August 27, 2021. The 90th day from the CIRP commencement date was November 2, 2021. The Applicant filed its claim on July 03, 2023, which was 675 days after the last date for submission and 606 days after the 90th day from CIRP commencement. The Resolution Professional rejected the claim due
…Applicant disbursed Rs.…
Corporate Insolvency…