The applicant, Kanta Mishra, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking a direction from the Tribunal to the Resolution Professional to accept the remaining claim of Rs. 2,14,24,617/- along with interest @ 11.5% up to the date of actual realization.
The applicant, Kanta Mishra, claimed Rs. 2,14,24,617/- along with interest from the Corporate Debtor.
The Corporate Debtor awarded three works to the applicant in 2012.
The applicant claimed that the Corporate Debtor failed to clear the dues despite satisfactory completion of the work.
The Resolution Professional accepted a portion of the applicant's claim (Rs. 29,23,208/-) and rejected the rest.
The Resolution Professional requested additional information from the applicant to review the claims.
The applicant allegedly did not furnish the necessary supporting documents.
The Resolution Professional stated that the claims were partially admitted or not admitted based on the working/calculations and verification of records.
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The Corporate Debtor awarded 3 works to the…
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The applicant, Kanta Mishra, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking a direction from the Tribunal to the Resolution Professional to accept the remaining claim of Rs. 2,14,24,617/- along with interest @ 11.5% up to the date of actual realization.
The applicant, Kanta Mishra, claimed Rs. 2,14,24,617/- along with interest from the Corporate Debtor.
The Corporate Debtor awarded three works to the applicant in 2012.
The applicant claimed that the Corporate Debtor failed to clear the dues despite satisfactory completion of the work.
The Resolution Professional accepted a portion of the applicant's claim (Rs. 29,23,208/-) and rejected the rest.
The Resolution Professional requested additional information from the applicant to review the claims.
The applicant allegedly did not furnish the necessary supporting documents.
The Resolution Professional stated that the claims were partially admitted or not admitted based on the working/calculations and verification of records.
…The Corporate Debtor awarded 3 works to the…
Parties agre…