https://www.taxtmi.com/caselaws?id=386030 An unregistered sale agreement and claim acknowledgement letter signed by the company's managing director and director, and bearing the corporate seal, were held admissible to prove the underlying transaction and a collateral arrangement, even though the documents could not operate as a conveyance of immovable property. The tribunal found the agreement sufficiently stamped, supported by surrounding correspondence and recitals, and not displaced by the absence of accounting entries or an unsupported allegation of misuse of blank papers. It also held that the resolution professional lacked adjudicatory power to reject a substantiated claim on those grounds. The claim was therefore treated as financial debt and admitted. en-us Tue, 02 Jul 2019 00:00:00 +0530 Fri, 20 Sep 2019 14:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386030 An unregistered sale agreement and claim acknowledgement letter signed by the company's managing director and director, and bearing the corporate seal, were held admissible to prove the underlying transaction and a collateral arrangement, even though the documents could not operate as a conveyance of immovable property. The tribunal found the agreement sufficiently stamped, supported by surrounding correspondence and recitals, and not displaced by the absence of accounting entries or an unsupported allegation of misuse of blank papers. It also held that the resolution professional lacked adjudicatory power to reject a substantiated claim on those grounds. The claim was therefore treated as financial debt and admitted. Case-Laws Insolvency and Bankruptcy Tue, 02 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386030