The Central Board of Trustees, Employees Provident Fund filed an application seeking the admission of their claim of Rs. 1,46,83,909/- against the Corporate Debtor, POWERDEAL ENERGY SYSTEMS INDIA PRIVATE LIMITED, for outstanding employees' provident fund dues. The application was filed due to the partial rejection of their claim by the Resolution Professional.
The Central Board of Trustees, Employees Provident Fund filed an application for the admission of their claim.
The claim amount was Rs. 1,46,83,909/- representing outstanding employees' provident fund dues.
The Resolution Professional partially rejected the claim, leading to the application.
The rejection was based on a Facilitation Letter from IBBI and a judgment from NCLAT stating that assessment proceedings cannot continue after CIRP initiation.
The Corporate Insolvency Resolution Process (CIRP) commenced on 11.07.2024.
The EPFO's claim was based on assessment orders issued after the CIRP commencement date.
The Applicant submitted a claim of Rs. 1,46,83,909 based on assessment orders issued by it.
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Corporate Insolvency…
Applicant submitted a…
The Central Board of Trustees, Employees Provident Fund filed an application seeking the admission of their claim of Rs. 1,46,83,909/- against the Corporate Debtor, POWERDEAL ENERGY SYSTEMS INDIA PRIVATE LIMITED, for outstanding employees' provident fund dues. The application was filed due to the partial rejection of their claim by the Resolution Professional.
The Central Board of Trustees, Employees Provident Fund filed an application for the admission of their claim.
The claim amount was Rs. 1,46,83,909/- representing outstanding employees' provident fund dues.
The Resolution Professional partially rejected the claim, leading to the application.
The rejection was based on a Facilitation Letter from IBBI and a judgment from NCLAT stating that assessment proceedings cannot continue after CIRP initiation.
The Corporate Insolvency Resolution Process (CIRP) commenced on 11.07.2024.
The EPFO's claim was based on assessment orders issued after the CIRP commencement date.
The Applicant submitted a claim of Rs. 1,46,83,909 based on assessment orders issued by it.
…Corporate Insolvency…
Applicant submitted a…