CONDUCT OF CORPORATE INSOLVENCY RESOLUTION PROCESSInsolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016
CONDUCT OF CORPORATE INSOLVENCY RESOLUTION PROCESSInsolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016
Determination of claim amounts: professionals must estimate imprecise creditor claims and revise estimates when new information emerges. Determination of claim amounts requires the interim resolution professional or the resolution professional to make a best estimate when a creditor's ... Summary
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Determination of claim amounts: professionals must estimate imprecise creditor claims and revise estimates when new information emerges.
Determination of claim amounts requires the interim resolution professional or the resolution professional to make a best estimate when a creditor's claimed amount is imprecise due to contingency or other uncertainty, based on information available; admitted claims and such estimates must be revised when additional information warranting revision emerges.
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