https://www.taxtmi.com/caselaws?id=398824 Regulation 35 of the CIRP Regulations makes fair value and liquidation value available to members of the committee of creditors, subject to confidentiality undertakings. A suspended promoter and shareholder who participated in the process without voting rights was not a committee member, so the resolution professional was bound to keep the valuation details confidential and need not disclose them. The admitted claims information also was not required to be separately furnished, as the applicant had participated in committee meetings, the minutes were on record, and the claims details were otherwise available in the process documents and on the corporate debtor's website. en-us Wed, 06 May 2020 00:00:00 +0530 Fri, 25 Sep 2020 09:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398824 Regulation 35 of the CIRP Regulations makes fair value and liquidation value available to members of the committee of creditors, subject to confidentiality undertakings. A suspended promoter and shareholder who participated in the process without voting rights was not a committee member, so the resolution professional was bound to keep the valuation details confidential and need not disclose them. The admitted claims information also was not required to be separately furnished, as the applicant had participated in committee meetings, the minutes were on record, and the claims details were otherwise available in the process documents and on the corporate debtor's website. Case-Laws Insolvency and Bankruptcy Wed, 06 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398824