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        IBC

        Regulation 14 - Determination of amount of claim

        Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
        Chapter IV
        PROOF OF CLAIMS

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        Claim amount estimation requires interim or resolution professional to make best estimates and revise them upon receiving additional information. Where a creditor's claimed amount is imprecise or contingent, the interim resolution professional or the resolution professional shall make the best estimate based on available information, and shall revise admitted claims, including such estimates, as soon as practicable when additional information is received that warrants revision.
                          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.

                                Claim amount estimation requires interim or resolution professional to make best estimates and revise them upon receiving additional information.

                                Where a creditor's claimed amount is imprecise or contingent, the interim resolution professional or the resolution professional shall make the best estimate based on available information, and shall revise admitted claims, including such estimates, as soon as practicable when additional information is received that warrants revision.


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