MANAGEMENT OF AFFAIRS OF THE CORPORATE DEBTOR - Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
MANAGEMENT OF AFFAIRS OF THE CORPORATE DEBTOR - Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
Determination of claim amounts requires the resolution professional to estimate imprecise claims and promptly revise them with new information. Determination of the amount of a creditor's claim requires the resolution professional to adopt a best estimate when precision is lacking and to base that ... Summary
Determination of claim amounts requires the resolution professional to estimate imprecise claims and promptly revise them with new information.
Determination of the amount of a creditor's claim requires the resolution professional to adopt a best estimate when precision is lacking and to base that estimate on available information; the resolution professional must revise confirmed claims, including estimated claims, as soon as practicable when additional information warrants adjustment.
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