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. The applicant, M/S Saitran Engineers Pvt. Ltd., is contesting the rejection of their claim by the Resolution Professional in the CIRP of the Corporate Debtor, M/S Zillion Infraprojects Pvt. Ltd. The applicant seeks the tribunal's direction to the Resolution Professional to consider their claim of Rs. 4,79,880/- in the CIRP and to send the resolution plan back to the Committee of Creditors (CoC) for modification to provide for payment of the entire claim.
In 2016, M/S Zillion Infraprojects Pvt. Ltd. (Corporate Debtor) approached M/S Saitran Engineers Pvt. Ltd. (Applicant) for the supply of material. The Applicant supplied material worth Rs. 9,70,404.50/-. The Corporate Debtor paid Rs. 4,90,524.50/-, leaving a balance of Rs. 4,79,880/- outstanding. The Applicant approached the Micro and Small Enterprise Facilitation Council, Nagpur, for recovery. The Corporate Debtor initiated insolvency proceedings under IBC, 2016, before the NCLT, Delhi Bench, on 05.02.2019. The Applicant filed Form-B as proof of claim with the IRP/Respondent on 18.02.2019, but the claim was not approved because the matter was already in litigation. The IRP/Respondent did not respond to emails or update the claim status. The Respondent made a public
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The Corporate Debtor…
Insolvency proceedings…
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. The applicant, M/S Saitran Engineers Pvt. Ltd., is contesting the rejection of their claim by the Resolution Professional in the CIRP of the Corporate Debtor, M/S Zillion Infraprojects Pvt. Ltd. The applicant seeks the tribunal's direction to the Resolution Professional to consider their claim of Rs. 4,79,880/- in the CIRP and to send the resolution plan back to the Committee of Creditors (CoC) for modification to provide for payment of the entire claim.
In 2016, M/S Zillion Infraprojects Pvt. Ltd. (Corporate Debtor) approached M/S Saitran Engineers Pvt. Ltd. (Applicant) for the supply of material. The Applicant supplied material worth Rs. 9,70,404.50/-. The Corporate Debtor paid Rs. 4,90,524.50/-, leaving a balance of Rs. 4,79,880/- outstanding. The Applicant approached the Micro and Small Enterprise Facilitation Council, Nagpur, for recovery. The Corporate Debtor initiated insolvency proceedings under IBC, 2016, before the NCLT, Delhi Bench, on 05.02.2019. The Applicant filed Form-B as proof of claim with the IRP/Respondent on 18.02.2019, but the claim was not approved because the matter was already in litigation. The IRP/Respondent did not respond to emails or update the claim status. The Respondent made a public
…The Corporate Debtor…
Insolvency proceedings…