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        IBC

        Section 41 - Determination of valuation of claims. (Omitted)

        Insolvency and Bankruptcy Code, 2016
        Chapter III (of Part II)
        LIQUIDATION PROCESS

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        Valuation of claims in liquidation was omitted, though the earlier rule assigned claim valuation to the liquidator. Section 41 of the Insolvency and Bankruptcy Code, 2016, relating to determination of valuation of claims in liquidation, was omitted. Earlier, it provided that the liquidator would determine the value of claims admitted under section 40 in the manner specified by the Board. The section now contains no operative provision, but the former text concerned valuation of admitted claims by the liquidator.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Valuation of claims in liquidation was omitted, though the earlier rule assigned claim valuation to the liquidator.

                          Section 41 of the Insolvency and Bankruptcy Code, 2016, relating to determination of valuation of claims in liquidation, was omitted. Earlier, it provided that the liquidator would determine the value of claims admitted under section 40 in the manner specified by the Board. The section now contains no operative provision, but the former text concerned valuation of admitted claims by the liquidator.


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