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2020 (2) TMI 1465 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational Creditor - impugned order is assailed primarily on the ground that the claim filed by the Appellants in regard to debts due and payable in future could not be rejected - HELD THAT:- The prayer in the appeals cannot be acceded to at this stage when the Resolution Process is underway and has not fructified into approval of a Resolution Plan. Moreover, the Adjudicating Authority has already taken care of the apprehensions of Appellants in so far as incorporation of the claims as regards loss and damages claimed to be ‘operational debt’ in Information Memorandum is concerned. Appeal dismissed.
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