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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Regulation 14 allows estimation of uncertain creditor claims in insolvency, with flexibility for revisions as new data emerges.</h1> Regulation 14 of the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017, addresses the determination of claims in insolvency proceedings. If a creditor's claim amount is uncertain or indeterminable, the interim or resolution professional must estimate the claim based on available information. This estimate can be revised if new information becomes available that justifies a change. The regulation ensures flexibility in handling claims where precise amounts are initially unavailable, allowing for adjustments as more data is obtained.
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