CORPORATE INSOLVENCY RESOLUTION PROCESS OF PRATIBHA INDUSTRIES LIMITED



FOR THE ATTENTION OF THE CREDITORS OF PRATIBHA INDUSTRIES LIMITED

Hon’ble National Company Law Tribunal, Mumbai Bench has ordered the commencement of Corporate Insolvency Resolution Process for PRATIBHA INDUSTRIES LIMITED vide its order dated February 1, 2019. The said order records the appointment of Sunil Kumar Choudhary (IP Registration No. IBBI/IPA-001/IP-P01243/2018-19/11895) as the Interim Resolution Professional (‘RP’). A public announcement in this regard was made by the RP on February 3, 2019 and revised public announcement on February 6, 2019

Subsequently, Hon’ble National Company Law Tribunal, Mumbai Bench has appointed Mr. Anil Mehta (IP Registration No. IBBI/IPA-001/IP-P00749/2017-2018/11282) as the Resolution Professional vide its order dated March 14, 2019.

The creditors of PRATIBHA INDUSTRIES LIMITED are hereby called upon to submit their claims to the attention of the RP in accordance with the submission process mentioned below.

CLAIM FORM SUBMISSIONS

In accordance with the CIRP Regulations, the financial creditors need to necessarily submit their proof of claims by electronic means.
The operational creditors (including workmen and employees) and statutory creditors may submit their proof of claims through electronic means, in person, or by post.
Submission of false or misleading claims shall attract penalties.

1. ONLINE CLAIM SUBMISSION

Creditors are hereby requested to please submit their claims on the online claims submission portal hosted on the company website to enable us to efficiently collate, co-ordinate and correspond on the claims. The form requires you to attach the relevant documentary proofs, as necessary to support your claim. The form can be submitted in 5 simple steps as follows :


  • i. Access the relevant form using the weblink mentioned below
  • ii. Fill in the relevant details of your claims
  • iii. Upload necessary documents in support of your claims
  • iv. Submit the online form
  • v. Upon submission of the form, you will receive an email in acknowledgement of the receipt of your claim along with a PDF version of Form attached therewith. Take a print out of the PDF of form attached in the acknowledgement email, sign the Declaration and Verification page therein, and email us a scanned copy of the duly signed form at ip.pil@in.ey.com


Below are the weblinks for online claims submission


A print of the physical forms may also be submitted to the attention of the RP as follows:
Anil Mehta
IBBI/IPA-001/IP-P00749/2017-2018/11282
Resolution Professional
Pratibha Industries Limited
(a company under corporate insolvency resolution process vide NCLT order CP(I&B) 3558/NCLT/MB/MAH/2018 dated 1st February 2019)

Head Office: Unit no 1/B-56 & 1/B-57, Phoenix Paragon Plaza, Phoenix Market City, LBS Marg Kurla (West), Mumbai 400070, Maharashtra, India

2. PHYSICAL SUBMISSION

In case of any inability to submit claims online, creditors are hereby requested to please download the relevant claim forms from the following link
  • Submission of claim by operational creditors except workmen and employees
  • Submission of claim by financial creditors
  • Submission of claim by financial creditors in a class
  • Submission of claim by a workmen or an employee
  • Submission of claim by authorised representative of workmen or an employee
  • Submission of claim by other creditors(other than financial creditors and operational creditors)



The proof of claims is to be submitted by way of specified forms along with affidavit (witnessed by a notary or oath commissioner) and documentary proof in support of the claim, as prescribed under Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

Please submit a copy of the duly completed forms to the attention of the RP through electronic means at ip.pil@in.ey.com or physically at the address mentioned below Kindly also submit relevant documentary proof in support of your claims.

The forms can be downloaded from the website http://ibbi.gov.in/ (Insolvency and Bankruptcy Board of India).

Anil Mehta
IBBI/IPA-001/IP-P00749/2017-2018/11282
Resolution Professional
Pratibha Industries Limited
(a company under corporate insolvency resolution process vide NCLT order CP(I&B) 3558/NCLT/MB/MAH/2018 dated 1st February 2019)

Head Office: Unit no 1/B-56 & 1/B-57, Phoenix Paragon Plaza, Phoenix Market City, LBS Marg Kurla (West), Mumbai 400070, Maharashtra, India

Submission of false or misleading proofs of claim shall attract penalties.

  • Click here for website of the Insolvency and Bankruptcy Board of India.