Operational creditor sought a prayer for condonation of delay and admission of claim in an insolvency proceeding. The tribunal allowed the application and disposed of it on withdrawal by the applicant following a settlement.
Allowed the application and disposed of it as withdrawn.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE NATIONAL COMPANY LAW TRIBUNAL,
COURT-V, MUMBAI BENCH
Under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the national Company Law Tribunal Rules, 2016
I.A No.833 of 2022
IN
CP (IB) No: 1390 of 2020
Filed by
M/s Sun of India Security Services
... Applicant/ Operational Creditor
Versus
Mr. Jayesh Sanghrajka
... Respondent/Resolution Professional
IN THE MATTER BETWEEN
Beacon Trusteeship Limited
Creditor
Versus
Radius Estates and Developers Private Limited
……..Corporate Debtor
Order Delivered on: 12.12.2022
Coram:
Hon’ble Shri Kuldip Kumar Kareer, Member (Judicial)
Hon’ble Smt. Anuradha Sanjay Bhatia, Member (Technical)
1
IN THE NATIONAL COMPANY LAW TRIBUNAL, COURT-V, MUMBAI BENCH
I.A No.833 of 2022
IN CP (IB) No: 1390 of 2020
Appearance :
For the Applicant (M/s Sun of India Security Services, Operational Creditor):
Ld. Authorised Representative, Mr. Prashant Thakre,
For the Respondent (Jayesh Sanghrajka, Resolution Professional) :
Ld. Senior Counsel Mr. Mustafa Doctor a/w Mr. Nausher Kohli, Mr. Devesh Juvekar, Mr. Ashish Parwani, Mr. Dikshat Mehra, Mr. Yash Jain and Mr. Dhrumil Sanghvi.
ORDER
The above I.A 833 of 2022 is filed by M/s Sun of India Security Services as an “ Operational Creditor ”, seeking condonation of delay in filing its claim before the Resolution Professional and admission of claim by the Resolution Professional.
The Bench has been informed by the Ld. Counsel of the Applicant of I.A. 833 of 2022, that he intends to withdraw the Application on the basis settlement between the parties.
In view of the above the same is allowed, I.A 833 of 2022 stands disposed of as withdrawn.
SD/- SD/-
ANURADHA SANJAY BHATIA KULDIP KUMAR KAREER
MEMBER (TECHNICAL) MEMBER (JUDICIAL)
2
2 provisions across 2 enactments
M/s Sun of India Security Services
Jayesh Sanghrajka
Kuldip Kumar Kareer
Anuradha Sanjay Bhatia
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
