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TMI Blog2024 (10) TMI 630X X X X Extracts X X X X X X X X Extracts X X X X ..... kruptcy - Admission of towards salary and leave encashment with interest - HELD THAT:- The substantial claim of the Appellant has been admitted in the CIRP, hence, there are no reason to interfere in the impugned order, especially when the Resolution Professional in it reply, has declared about the final admission of the claim of the total Rs.50 Lakhs. Recording the said statement of the Resoluti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... encashment. In the order, the Adjudicating Authority noticed that claim of Rs.47,91,567/- has been admitted as Financial Creditor and Rs.15,32,251/- as interest therein. 2. Learned counsel for the Appellant submits that Principal Amount of Rs.50 Lakhs was required to be admitted and interest amount of Rs.48 Lakhs was claimed. 3. Learned counsel for the Resolution Professional submits that although ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e IBBI Regulations, 2016 for the purpose of calculation of voting shares. Whereas, the Appellant being an employee submitted its claim form under Form D in the capacity of Assistant General Manager, Accounts and Finance of Corporate Debtor claiming Rs. 13,48,180/- towards outstanding due salary, leave encashment and interest thereupon (bifurcation of the claim amount is at page 75 of the appeal). ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ubmitted by the Appellant. 5. We are of the view that substantial claim of the Appellant has been admitted in the CIRP, hence, we see no reason to interfere in the impugned order, especially when the Resolution Professional in it reply in Para (V) (1), as noted above, has declared about the final admission of the claim of the total Rs.50 Lakhs. Recording the said statement of the Resolution Profes ..... X X X X Extracts X X X X X X X X Extracts X X X X
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