https://www.taxtmi.com/caselaws?id=291267 The Tribunal upheld the Resolution Professional's rejection of the claims by Madhu Steel Corporation due to insufficient documentation. The RP's decision was supported as the Applicant failed to provide necessary documents such as contractual agreements and purchase orders. The Tribunal emphasized the RP's duty to verify claims based on evidence provided and granted the Applicant an opportunity to submit the required documents for reconsideration within one week. The case highlights the significance of proper documentation and verification in the insolvency resolution process. en-us Mon, 18 Nov 2019 00:00:00 +0530 Tue, 03 Nov 2020 18:02:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291267 The Tribunal upheld the Resolution Professional's rejection of the claims by Madhu Steel Corporation due to insufficient documentation. The RP's decision was supported as the Applicant failed to provide necessary documents such as contractual agreements and purchase orders. The Tribunal emphasized the RP's duty to verify claims based on evidence provided and granted the Applicant an opportunity to submit the required documents for reconsideration within one week. The case highlights the significance of proper documentation and verification in the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291267