Claims verification and valuation by interim resolution professionals clarified under insolvency law amendment. Amendment to section 18 requires claims submitted by creditors to the interim resolution professional to be received in such manner as may be specified. It further clarifies that, while collating claims, the interim resolution professional must verify them and, where required, determine the value of the verified claims.
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Provisions expressly mentioned in the judgment/order text.
Claims verification and valuation by interim resolution professionals clarified under insolvency law amendment.
Amendment to section 18 requires claims submitted by creditors to the interim resolution professional to be received in such manner as may be specified. It further clarifies that, while collating claims, the interim resolution professional must verify them and, where required, determine the value of the verified claims.
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