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Power of Resolution Professional to decide or reject the claim of one or other 'Financial Creditor' or 'Operational Creditor' - once resolution plan has been approved by the COC and the 'RP' had placed the same before the Adjudicating Authority then RP has no power to either admit or reject such claims - appellant can file suit u/s 60(6) before any court after completion of the period of moratorium or claim u/s 40 of I&B Code before Liquidator

Insolvency and Bankruptcy
11-6-2019

Power of Resolution Professional to decide or reject the claim of one or other 'Financial Creditor' or 'Operational Creditor' - once resolution plan has been approved by the COC and the 'RP' had placed the same before the Adjudicating Authority then RP has no power to either admit or reject such claims - appellant can file suit u/s 60(6) before any court after completion of the period of moratorium or claim u/s 40 of I&B Code before Liquidator

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