Updation of claim requires creditors to update claims when satisfied from any source after insolvency commencement. Regulation 12A requires a creditor to update its proof of claim whenever the claim is satisfied, partly or fully, from any source in any manner, after the insolvency commencement date, creating a post commencement obligation to modify the claim record to reflect partial or full satisfaction.
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.
Updation of claim requires creditors to update claims when satisfied from any source after insolvency commencement.
Regulation 12A requires a creditor to update its proof of claim whenever the claim is satisfied, partly or fully, from any source in any manner, after the insolvency commencement date, creating a post commencement obligation to modify the claim record to reflect partial or full satisfaction.
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