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).
Hindustan Electric House filed an application against Mr. Pankaj Dhanuka, the Liquidator of Corporate Power Limited, seeking admission of a claim of Rs. 22,78,227.64.
The liquidator admitted Rs. 16,44,372/- of the total claim and rejected the rest.
The rejected amount pertained to interest charged and dues against the group entity.
The liquidation commenced on 08.10.2021, and the last date of submission of claim was 10.11.2021.
The applicant filed the application on 25.08.2023, which was long after two years from the date of rejection.
The applicant's claim included an interest amount of Rs. 20,91,999.64/-.
The liquidator rejected the interest claim because there was no document or agreement containing a specific clause for levying of interest.
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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).
Hindustan Electric House filed an application against Mr. Pankaj Dhanuka, the Liquidator of Corporate Power Limited, seeking admission of a claim of Rs. 22,78,227.64.
The liquidator admitted Rs. 16,44,372/- of the total claim and rejected the rest.
The rejected amount pertained to interest charged and dues against the group entity.
The liquidation commenced on 08.10.2021, and the last date of submission of claim was 10.11.2021.
The applicant filed the application on 25.08.2023, which was long after two years from the date of rejection.
The applicant's claim included an interest amount of Rs. 20,91,999.64/-.
The liquidator rejected the interest claim because there was no document or agreement containing a specific clause for levying of interest.
The liquidation…
The last da…