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IBC - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

Rejection of claim by Resolution Professional - Petitioners ...

Insolvency and Bankruptcy

May 18, 2023

Rejection of claim by Resolution Professional - Petitioners sought return of stock of their owned rice from the Corporate Debtor - to accept the claims of the Appellants at the stage of Resolution and now Liquidation proceedings, the claims have to be real, based on solid documentary evidence and in accordance with law. These cannot be allowed on the basis of indirect or circumstantial or secondary evidence/ documents. - AT

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