M/s Nivedan Fin-Invest Lease Ltd. (Applicant), a Non-Banking Financial Company, filed an Interlocutory Application (IA) against CA Vineet Aggarwal, the Resolution Professional (RP) for JBK Developers Pvt. Ltd. (Corporate Debtor). The Applicant challenged the RP's rejection of its claim as a Financial Creditor, which was primarily based on the claim being delayed and discrepancies in the claimed amount. The Applicant contended that the delay was due to the COVID-19 pandemic and that the RP lacked adjudicatory powers to reject claims.
The present Interlocutory Application I.A. 1558/ND/2021 in C.P. (IB) No. 2552/ND/2019 was filed on 30.03.2021.
The application was filed by M/s Nivedan Fin-Invest Lease Limited ("Applicant") against CA Vineet Aggarwal, Resolution Professional for JBK Developers Private Limited ("Corporate Debtor").
The application challenges the rejection of the applicant's claim by the Resolution Professional ("RP").
The Applicant company is a Non-Banking Financial Company ("NBFC").
The Corporate Debtor was developing a project of private residences branded as "GREEN AVENUE".
The Applicant and Corporate Debtor entered into a loan agreement dated 27.03.2015.
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Applicant and Corporate Debtor entered into a…
Corporate Debtor mortgaged 42 units in favor…
M/s Nivedan Fin-Invest Lease Ltd. (Applicant), a Non-Banking Financial Company, filed an Interlocutory Application (IA) against CA Vineet Aggarwal, the Resolution Professional (RP) for JBK Developers Pvt. Ltd. (Corporate Debtor). The Applicant challenged the RP's rejection of its claim as a Financial Creditor, which was primarily based on the claim being delayed and discrepancies in the claimed amount. The Applicant contended that the delay was due to the COVID-19 pandemic and that the RP lacked adjudicatory powers to reject claims.
The present Interlocutory Application I.A. 1558/ND/2021 in C.P. (IB) No. 2552/ND/2019 was filed on 30.03.2021.
The application was filed by M/s Nivedan Fin-Invest Lease Limited ("Applicant") against CA Vineet Aggarwal, Resolution Professional for JBK Developers Private Limited ("Corporate Debtor").
The application challenges the rejection of the applicant's claim by the Resolution Professional ("RP").
The Applicant company is a Non-Banking Financial Company ("NBFC").
The Corporate Debtor was developing a project of private residences branded as "GREEN AVENUE".
The Applicant and Corporate Debtor entered into a loan agreement dated 27.03.2015.
…Applicant and Corporate Debtor entered into a…
Corporate Debtor mortgaged 42 units in favor…