https://www.taxtmi.com/caselaws?id=281869 A resolution professional under the corporate insolvency resolution process has administrative, not adjudicatory, functions: the professional must receive and collate claims, verify supporting material, seek further evidence where needed, and make a best estimate where exact quantification is not possible. Rejection of a creditor's claim in a quasi-judicial sense is outside that role, and the distinction from the liquidator confirms that claims cannot be dismissed in entirety without proper verification and consideration of evidence. The position is subject to oversight by the committee of creditors and the Adjudicating Authority, and the challenged rejection was found unsustainable. en-us Tue, 26 Feb 2019 00:00:00 +0530 Wed, 10 Jul 2019 06:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281869 A resolution professional under the corporate insolvency resolution process has administrative, not adjudicatory, functions: the professional must receive and collate claims, verify supporting material, seek further evidence where needed, and make a best estimate where exact quantification is not possible. Rejection of a creditor's claim in a quasi-judicial sense is outside that role, and the distinction from the liquidator confirms that claims cannot be dismissed in entirety without proper verification and consideration of evidence. The position is subject to oversight by the committee of creditors and the Adjudicating Authority, and the challenged rejection was found unsustainable. Case-Laws Insolvency and Bankruptcy Tue, 26 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281869