Inspection of CIRP claims denied as too broad, while objections to claims and CoC constitution must be decided before plan approval.

A wide prayer for inspection of claim forms and supporting documents in CIRP was rejected as framed, because the relief sought was considered overly broad. Pending interlocutory applications challenging admitted claims and the constitution of the committee of creditors had to be decided first, before any application for approval of the resolution plan could be taken up. The matter was disposed of with a limited direction that those objections be considered and decided in advance of plan approval.

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Issues: (i) Whether the wide prayer for inspection of claim forms and supporting documents in the corporate insolvency resolution process could be granted as made; (ii) Whether the pending interlocutory applications questioning admitted claims and the constitution of the committee of creditors should be considered before approval of the resolution plan.

Issue (i): Whether the wide prayer for inspection of claim forms and supporting documents in the corporate insolvency resolution process could be granted as made.

Analysis: The prayer sought in the application was considered overly broad. The relief as framed was not found fit for acceptance in that form.

Conclusion: The request for inspection was not accepted as prayed for.

Issue (ii): Whether the pending interlocutory applications questioning admitted claims and the constitution of the committee of creditors should be considered before approval of the resolution plan.

Analysis: Since related interlocutory applications raising objections to admitted claims and the constitution of the committee of creditors were already pending, those applications were required to be dealt with by the Adjudicating Authority before moving ahead with approval of the resolution plan.

Conclusion: The pending applications are to be considered and decided before the resolution plan approval application is taken up.

Final Conclusion: The appeal was disposed of with a limited direction that the pending objections be considered before any decision on plan approval, while the broader inspection relief was declined in the form sought.

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