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2020 (9) TMI 943 - Tri - Insolvency and BankruptcyDirections to the Resolution professional to provide or furnish the details of fair value/liquidation value of the assets of the corporate debtor - Direction to Respondent to provide the information pertaining to claims submitted by the secured and unsecured creditors to the Resolution professional/Interim Resolution Professional - section 60(5) of Insolvency and Bankruptcy Code, 2016 Read with Rule 11 of NCLT Rules, 2016 - HELD THAT:- Regarding claims admitted by the RP the applicant wanted directions to RP to furnish the information with regard to those claims. In fact applicant has participated in the COC meetings and the issue of claims were placed for consideration. The RP has filed minutes of the COC meetings. The applicant participated in all the COC meetings and applicant should have been informed of all the claims admitted having attended the COC meetings. It is not true that RP has not disclosed the information about the admission of the claims since claims which were admitted will be disclosed in the website of the corporate debtor. Therefore, applicant has knowledge about the claims admitted by the RP. Since he attended the COC meetings. Accordingly, no direction need be given to the RP in this regard. The contention of learned counsel for RP is that the erst while members of Board are only entitled to look into the plan as soon as resolution plan is filed with the COC it will be given to the applicant and there is no question of disclosing any information regarding Fair value and liquidation value. Application dismissed.
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