2024 (9) TMI 1946

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....br>JUSTICE ASHOK BHUSHAN CHAIRPERSON, BARUN MITRA MEMBER (TECHNICAL), ARUN BAROKA MEMBER (TECHNICAL) Present: For the Appellant: Mr. Hitesh Sachar, Ms. Anju Jain and Mr. Dev Inder Singh, Advocates. For the Respondent: Mr. Ravi Raghunath, Advocate. ORDER 1. Heard Learned Counsel for the Appellant and Learned Counsel Mr. Ravi Raghunath, appearing on behalf of the Respondent. 2. Thi....

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....ges was not accepted. 4. Let Learned Counsel for the Appellant challenging the order submits that the amount for damages and interest pertain to the periods 04.04.2016 to February, 18 i.e. prior to the liquidation commencement date, hence the Appellant was entitled for the interest @ 12%. 5. It is submitted that Adjudicating Authority ought to have allowed the interest @12% till the liquidat....

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....hallenged. 7. Learned Counsel for the Respondent has relied on the judgments of this Tribunal in Regional Provident Fund Commissioner Vs. Manish Kumar Bhagat and Anr. 2023 SCC OnLine NCLAT 731 where it was held that the claim under Section 14B which was subsequent to the CIRP could not have been accepted. Another judgment relied by the Respondent in DBS Bank India Limited Vs. Kuldeep Verma in C....

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....onal amount to the Liquidator. Learned Counsel for the Appellant submits that out of Rs. 1.84 Crores, amount of Rs. 20 Lakhs have already been paid." 8. The submission of the Appellant that since the claim was for April 26 to February, 2018 interest liability was their @ 12%, which is statutory interest. There is no dispute that assessment for the interest was done in the year, 2021 much after ....