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2021 (12) TMI 1272 - NATIONAL COMPANY LAW TRIBUNAL , KOCHI BENCHSeeking direction to 1st Respondent to admit the claim - Section 68 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The reason for rejection stated by the Resolution Professional in her reply statement is that as per the books of accounts of the Corporate Debtor an amount of ₹ 91,05,993.26/- equivalent to USD 1,41,847.05 is only payable to the Applicant, as this amount reflects in the Audited Financial Statement of the Corporate Debtor. The excess amount claimed by the Applicant has already been received by them from the Corporate Debtor and this amount was adjusted by the Applicant against the dues of Matheel. Hence the Resolution Professional has not accepted that amount which has already been paid. If that amount is also accepted by the Resolution Professional, that would be violation of the IBC and detrimental to the interests of other creditors of the Corporate Debtor. Moreover, the applicant has not disputed the receipt of such amount from the Corporate Debtor. There are no reason to entertain this application - application dismissed.
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