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2022 (7) TMI 1189 - Tri - Insolvency and BankruptcySeeking direction to Resolution Professional to accept the remaining claim along with interest in terms of Section 16 of M.S.M.E. Act, 2006 up to the date of actual realization - HELD THAT:- It is clear that the Resolution Professional conveyed the status of the claims of the applicant upon review of documents submitted by applicant. He was asked to submit additional information within 7 days thereafter - It is also significant to note, according to the applicant in paragraph 5, the contract was completed somewhere in August, 2015 and the claim for loss of profit damages etc. in delayed payments has been claimed for the first time before the Resolution Professional only somewhere in 2019. The alleged default, at page 6 of the application is stated to have taken place on 1st of August, 2015. It is clear that the applicant never took any steps for adjudication of his claims before any forum competent for this and notwithstanding, apparently failed to furnish the required information/documents before Resolution Professional. This Adjudicating Authority cannot adjudicate upon the question of loss or profit interest etc. This Tribunal in its summary jurisdiction can in no way go into crystallizing the alleged claims. It is clear from the above position that the works were executed somewhere in 2015 and the claims have been raised for the first time before the Resolution Professional and that too has been observed by Resolution Professional without the required documents in support. Application dismissed.
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