Claims verification in pre-packaged insolvency: corporate debtor, resolution professional and creditors must update, confirm and disclose the list of claims. The corporate debtor must submit a list of claims to the resolution professional in the format notified by the Board. The resolution professional must verify the claims from the corporate debtor's records and other relevant material, communicate the confirmed claims to creditors, invite objections, and consider any supporting evidence or clarification. Creditors must update their claims when satisfied in whole or part after the pre-packaged insolvency commencement date, and the resolution professional must maintain and update the list in the notified format. The list must be available for inspection, displayed on the website if any, filed electronically, and presented at committee meetings when updated.
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Claims verification in pre-packaged insolvency: corporate debtor, resolution professional and creditors must update, confirm and disclose the list of claims.
The corporate debtor must submit a list of claims to the resolution professional in the format notified by the Board. The resolution professional must verify the claims from the corporate debtor's records and other relevant material, communicate the confirmed claims to creditors, invite objections, and consider any supporting evidence or clarification. Creditors must update their claims when satisfied in whole or part after the pre-packaged insolvency commencement date, and the resolution professional must maintain and update the list in the notified format. The list must be available for inspection, displayed on the website if any, filed electronically, and presented at committee meetings when updated.
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