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TMI Blog2020 (11) TMI 1026X X X X Extracts X X X X X X X X Extracts X X X X ..... n 30.08.2020, the RP says, perhaps having realized in case he remained as financial creditor in class, he would not get on par with independent financial creditors, the Applicant therefore changed his mind and has filed Form-C application on 03.09.2020, i.e., after plan was approved by the CoC. For this Applicant himself filed Form-CA application and the same being admitted by the RP without an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RP stating that they paid money to the Corporate Debtor through its agent called Rajput Properties Developers Private Limited , Resolution Professional rejected the claim on 27.02.2020 holding that there is no proof showing that these applicants entered into agreements with the Corporate Debtor or paid money to the Corporate Debtor for allotment of flats as mentioned by them or the Corporate D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Debtor and in fact that alleged agent asked the Corporate Debtor to issue allotment letters and the money paid by them could be deducted later. By this correspondence, it is evident that the money deposited to the third party has not come to the Corporate Debtor, allotment letters have not been issued by the Corporate Debtor to the applicants, therefore no obligation could be cast upon the Cor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dingly, the RP admitted the claim considering him as a financial creditor in class as sought by him in the month of February 2020. Now, when the resolution plan was approved by the CoC on 30.08.2020, the RP says, perhaps having realized in case he remained as financial creditor in class, he would not get on par with independent financial creditors, the Applicant therefore changed his mind and h ..... X X X X Extracts X X X X X X X X Extracts X X X X
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