https://www.taxtmi.com/caselaws?id=399890 The NCLT directed the applicant to file its claim as per Section 60(6) before the appropriate court or against the corporate debtor, depending on the outcome of the resolution plan approval. The RP's rejection of the applicant's claim was based on the corporate debtor's invocation of arbitration proceedings before CIRP initiation, aligning with the decision in Navneet Kumar Gupta. The NCLAT's decision in M/s. Prasad Gempex v. Star Agro Marine Exports Pvt. Ltd. highlighted that the RP lacks jurisdiction to reject claims, similar to the findings in Swiss Ribbons, emphasizing the RP's role in verifying claims. en-us Mon, 27 Jan 2020 00:00:00 +0530 Thu, 22 Oct 2020 10:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399890 The NCLT directed the applicant to file its claim as per Section 60(6) before the appropriate court or against the corporate debtor, depending on the outcome of the resolution plan approval. The RP's rejection of the applicant's claim was based on the corporate debtor's invocation of arbitration proceedings before CIRP initiation, aligning with the decision in Navneet Kumar Gupta. The NCLAT's decision in M/s. Prasad Gempex v. Star Agro Marine Exports Pvt. Ltd. highlighted that the RP lacks jurisdiction to reject claims, similar to the findings in Swiss Ribbons, emphasizing the RP's role in verifying claims. Case-Laws Insolvency and Bankruptcy Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399890