Can claim of Homebuyer paid in cash to Promotors of Real Estate Company be admitted even no records found in the books of Corporate Debtor about the cash portion paid by Allottee – K. Amutha Vs. RP of Ambojini Property Developers Pvt. Ltd. – NCLT Chennai Bench
The Applicant paid Rs.2,50,000/- through cheque and remaining Rs.17,50,000/- in cash as booking advance. The applicant had submitted claim with the IRP for a sum of Rs.35,20,000/-, however, RP admitted only to the extent of Rs.3,77,178/- and RP stated that there is no entry in the books of the Corporate Debtor that it has received cash payment from the Applicant for the purchase of residential units from the Project.