https://www.taxtmi.com/caselaws?id=402332 The Tribunal rejected the Applicant's request to be classified as a Financial Creditor under Section 60 of the IB Code due to discrepancies and lack of supporting documentation. The claim for &8377; 16,35,25,444/- was disputed, with the Respondent acknowledging liability only for &8377; 5 Crores. Despite the rejection, the acknowledged liability was accepted as a claim other than Operational or Financial Creditor for consideration by the Interim Resolution Professional. The decision was based on the inconsistencies and insufficiency of evidence presented by the Applicant. en-us Tue, 15 Dec 2020 00:00:00 +0530 Wed, 30 Dec 2020 11:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402332 The Tribunal rejected the Applicant's request to be classified as a Financial Creditor under Section 60 of the IB Code due to discrepancies and lack of supporting documentation. The claim for &8377; 16,35,25,444/- was disputed, with the Respondent acknowledging liability only for &8377; 5 Crores. Despite the rejection, the acknowledged liability was accepted as a claim other than Operational or Financial Creditor for consideration by the Interim Resolution Professional. The decision was based on the inconsistencies and insufficiency of evidence presented by the Applicant. Case-Laws Insolvency and Bankruptcy Tue, 15 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402332