Separate Application: IA No. 4196/2025
Case Overview
This application was filed by Mrs. Amutha Varadharajan and Mr. N. Varadharajan seeking directions to the Resolution Professional to admit their entire claim of ₹25,00,000 for Flat No. E-1201. While ₹15,00,000 paid through banking channels was admitted, ₹10,00,000 allegedly paid in cash was rejected as it wasn't reflected in the corporate debtor's books of accounts.
The Resolution Professional revised the claim after initial admission, and the CoC rejected the cash payment claim with an 88.30% majority vote. The applicants provided cash receipts but no corresponding entries in the company's accounting records.
Final Outcome
The NCLT dismissed the application, upholding the Resolution Professional's decision to reject the ₹10,00,000 cash payment claim due to lack of supporting evidence in the corporate debtor's books of accounts.
Topics: Insolvency Proceedings, Fraudulent Trading Allegations, Creditor Claims