https://www.taxtmi.com/caselaws?id=293292 A claim in insolvency resolution proceedings was rejected because the applicant did not establish an undisputed debt due from the corporate debtor. The record did not show the claimed amount as payable in the debtor's books, the invoices were raised later as pro forma invoices, and there was evidence of a substantial set-off against amounts payable by the applicant to a group company. In these circumstances, the existence of liability remained seriously disputed, so the Resolution Professional's rejection of the claim was upheld and no admission was directed. en-us Fri, 27 Sep 2019 00:00:00 +0530 Wed, 03 Feb 2021 06:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293292 A claim in insolvency resolution proceedings was rejected because the applicant did not establish an undisputed debt due from the corporate debtor. The record did not show the claimed amount as payable in the debtor's books, the invoices were raised later as pro forma invoices, and there was evidence of a substantial set-off against amounts payable by the applicant to a group company. In these circumstances, the existence of liability remained seriously disputed, so the Resolution Professional's rejection of the claim was upheld and no admission was directed. Case-Laws Insolvency and Bankruptcy Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293292