RP cannot reject claims already reflected in information memorandum

Bank of Baroda Vs Divya Jyoti Industries Ltd (NCLT Indore)

This application is filed by the Commercial Tax Department directing RP to consider their claim which was not included by the RP in the claim list.

We heard Learned Counsel for the Applicant and she pointed out that in audited balance sheet of the Corporate Debtor, the claims are being reflected at entry No. 30. She also pointed out the order of NCLAT in case of Puneet Kaur Vs. K V Developers Pvt. Ltd, Please become a Premium member. If you are already a Premium member, login here to access the full content.