Hindustan Electric House, as an operational creditor, filed an application under Regulation 17 and 30 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, against Mr. Pankaj Dhanuka, the Liquidator of Corporate Power Limited (Corporate Debtor). The applicant sought a direction to admit their claim of Rs. 22,78,227.64, which was rejected by the liquidator.
Hindustan Electric House filed an application against Mr. Pankaj Dhanuka, the Liquidator of Corporate Power Limited, seeking admission of their claim of Rs. 22,78,227.64.
The liquidator admitted Rs. 16,44,372/- of the total claim and rejected the rest, citing that the rejected amount pertained to interest charged and dues against the group entity.
The applicant submitted a claim of Rs. 39,22,599.64/- before the liquidator after a public announcement.
The liquidation commenced on 08.10.2021, and the last date of submission of claim was 10.11.2021.
The liquidator informed the applicant on 18.12.2021 about the partial rejection of the claim.
The application was filed on 25.08.2023, which is long after two years from the date of rejection.
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Hindustan Electric House, as an operational creditor, filed an application under Regulation 17 and 30 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, against Mr. Pankaj Dhanuka, the Liquidator of Corporate Power Limited (Corporate Debtor). The applicant sought a direction to admit their claim of Rs. 22,78,227.64, which was rejected by the liquidator.
Hindustan Electric House filed an application against Mr. Pankaj Dhanuka, the Liquidator of Corporate Power Limited, seeking admission of their claim of Rs. 22,78,227.64.
The liquidator admitted Rs. 16,44,372/- of the total claim and rejected the rest, citing that the rejected amount pertained to interest charged and dues against the group entity.
The applicant submitted a claim of Rs. 39,22,599.64/- before the liquidator after a public announcement.
The liquidation commenced on 08.10.2021, and the last date of submission of claim was 10.11.2021.
The liquidator informed the applicant on 18.12.2021 about the partial rejection of the claim.
The application was filed on 25.08.2023, which is long after two years from the date of rejection.
…The liquidation of…
The last date for…