The applicants, claiming to be financial creditors, filed applications seeking directions from the Adjudicating Authority to direct the resolution applicant to consider their claims, which were initially rejected due to delays. The claims pertain to units booked in the 'Earth Iconic' project.
The applicants claim to be financial creditors due to advances made for units in the 'Earth Iconic' project.
Insolvency proceedings were initiated against Earth Infrastructure Limited ('EIL') on 06.06.2018.
The Adjudicating Authority directed on 11.12.2019 that claims related to the 'Earth Iconic' project be transferred from the RP of EIL to the RP of Celestial Estate Private Limited ('CEPL').
The resolution plan of M/s H.S. Oberoi Buildtech Pvt. Ltd. was approved by the Committee of Creditors ('COC') and the Adjudicating Authority on 15.03.2021.
Clause 6.13 4 (c) of the approved resolution plan allows for the admission of claims from unitholders who filed late, subject to a penalty.
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Insolvency proceedings…
Adjudicating Authority directed that claims…
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The applicants, claiming to be financial creditors, filed applications seeking directions from the Adjudicating Authority to direct the resolution applicant to consider their claims, which were initially rejected due to delays. The claims pertain to units booked in the 'Earth Iconic' project.
The applicants claim to be financial creditors due to advances made for units in the 'Earth Iconic' project.
Insolvency proceedings were initiated against Earth Infrastructure Limited ('EIL') on 06.06.2018.
The Adjudicating Authority directed on 11.12.2019 that claims related to the 'Earth Iconic' project be transferred from the RP of EIL to the RP of Celestial Estate Private Limited ('CEPL').
The resolution plan of M/s H.S. Oberoi Buildtech Pvt. Ltd. was approved by the Committee of Creditors ('COC') and the Adjudicating Authority on 15.03.2021.
Clause 6.13 4 (c) of the approved resolution plan allows for the admission of claims from unitholders who filed late, subject to a penalty.
…Insolvency proceedings…
Adjudicating Authority directed that claims…
Sign in to view related legal provisions.