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2019 (11) TMI 1649

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..... ublic Notice was issued, whoever is eligible and wants to file claim, can file the claim with IRP/RP in prescribed form. After Resolution Plan has already been submitted, such claims cannot be accepted. The process cannot be reversed in a manner that clock is set back. Such actions can lead the Company into liquidation. The option for the Appellant is to take help of Section 60(6) of Insolvency .....

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..... atisfied with the grounds, the delay of 14 days is condoned. I.A. No. 3433 of 2019 stands disposed of. 2. Heard learned Counsel for the Appellant. Corporate Insolvency Resolution Process (in short CIRP) was initiated against the Corporate Debtor M/s Apex Drugs Ltd on 6th September, 2018 and earlier appointed IRP was substituted by Respondent No. 2 Kapil Dev Taneja who became the Resolution Pr .....

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..... moved the Adjudicating Authority, the Adjudicating Authority observed: 6. We have gone through the contentions raised by the Respondent in his counter. After considering counter and annexure filed with it, and on perusal of Rules and regulations relied by the Respondent under Insolvency and Bankruptcy Code, 2016 we are of the considered view that the claims by RP can be admitted only wi .....

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..... red by the Appellants could not be considered. 5. Learned Counsel for the Appellant submits that the Appellants are employees of the Corporate Debtor and did not know about the Corporate Insolvency Resolution Process. Appeal claims that the Appellants continued and still continue to be workmen and were continuously present in the premises on working days. We do not agree with the contention of .....

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