https://www.taxtmi.com/caselaws?id=288914 The Appellate Tribunal dismissed the appeal regarding the jurisdiction of the Resolution Professional to determine claims. The Tribunal held that the Resolution Professional's role is limited to collating claims, not determining them. It emphasized that if the Adjudicating Authority decides on a payable amount after reviewing all relevant documents, the Resolution Professional should not appeal. The Tribunal highlighted that the Resolution Professional overstepped their jurisdiction by challenging the Adjudicating Authority's decision. Despite being inclined to impose costs, the Tribunal dismissed the appeal, emphasizing the importance of understanding the roles and limitations of parties in insolvency proceedings. en-us Tue, 01 Oct 2019 00:00:00 +0530 Sun, 05 Jul 2020 15:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288914 The Appellate Tribunal dismissed the appeal regarding the jurisdiction of the Resolution Professional to determine claims. The Tribunal held that the Resolution Professional's role is limited to collating claims, not determining them. It emphasized that if the Adjudicating Authority decides on a payable amount after reviewing all relevant documents, the Resolution Professional should not appeal. The Tribunal highlighted that the Resolution Professional overstepped their jurisdiction by challenging the Adjudicating Authority's decision. Despite being inclined to impose costs, the Tribunal dismissed the appeal, emphasizing the importance of understanding the roles and limitations of parties in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288914