2019 (4) TMI 1011

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....AGHAVAN, MEMBER (TECHNICAL) For The Applicants : Mrs. M.K. Preetha For The RP : V.V. Sivakumar, Aashish Jain Lunia For The RA : Roshan Atiq, Advs. ORDER MR B.S.V. PRAKASH KUMAR, MEMBER (JUDICIAL) It is an MA/80/2019 filed by the Applicants on 02.01.2019 stating that they supplied scrap to the Corporate Debtor in the CIRP period, but whereas their claims were rejected by the Resol....

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....they ought to have approached this Bench immediately after rejection of their claim, but whereas these Applicants instead of pursuing remedy against rejection, these applicants group, the RP says, tried to acquire the corporate debtor through filing Resolution Plan, when their Resolution Plan was rejected, now at a belated stage, they have filed this application to circumvent the Resolution Plan i....

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....Debtor, against which, the Resolution Professional made further submissions saying that CoC considered all these aspects and finally concluded that these applicants acted in concert with the promoters of the corporate debtor, therefore on this premise, the impugned claims were rejected. 7. When the Resolution Plan moved by some of the applicants was rejected, and the claims in this application ....