https://www.taxtmi.com/caselaws?id=285384 The Tribunal allowed the appeal in a case concerning the rejection of a claim towards interest by the Liquidator under the Insolvency and Bankruptcy Code. Emphasizing the quasi-judicial nature of the Liquidator's role, the Tribunal directed the Liquidator to make a reasoned decision on the claim within 30 days. It highlighted the importance of providing clear reasons for accepting or rejecting claims, particularly when disputes are pending in other proceedings. The decision stressed the necessity for adherence to procedural rules in determining creditor claims under the IBC. en-us Fri, 10 May 2019 00:00:00 +0530 Thu, 09 Jan 2020 19:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285384 The Tribunal allowed the appeal in a case concerning the rejection of a claim towards interest by the Liquidator under the Insolvency and Bankruptcy Code. Emphasizing the quasi-judicial nature of the Liquidator's role, the Tribunal directed the Liquidator to make a reasoned decision on the claim within 30 days. It highlighted the importance of providing clear reasons for accepting or rejecting claims, particularly when disputes are pending in other proceedings. The decision stressed the necessity for adherence to procedural rules in determining creditor claims under the IBC. Case-Laws Insolvency and Bankruptcy Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285384