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of <h1>Liquidation Process: Regulation 25 Guides Liquidators in Estimating Claims with Uncertain Amounts Due to Contingencies</h1> Regulation 25 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, addresses the determination of the quantum of claims during the liquidation process. When a claimant's amount is uncertain due to contingencies or other reasons, the liquidator is responsible for making the best estimate of the claim amount using the available information.
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