https://www.taxtmi.com/caselaws?id=408064 The tribunal ruled that the Resolution Professional's rejection of the claim, based on its disputed nature and pending arbitration, was not in line with the Insolvency and Bankruptcy Code (IBC) and legal precedents. The RP should have admitted the claim as contingent in the information memorandum. The tribunal allowed the claim partially, condoning the delay in submission and ensuring its consideration in the resolution process. en-us Wed, 05 May 2021 00:00:00 +0530 Mon, 31 May 2021 08:34:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408064 The tribunal ruled that the Resolution Professional's rejection of the claim, based on its disputed nature and pending arbitration, was not in line with the Insolvency and Bankruptcy Code (IBC) and legal precedents. The RP should have admitted the claim as contingent in the information memorandum. The tribunal allowed the claim partially, condoning the delay in submission and ensuring its consideration in the resolution process. Case-Laws Insolvency and Bankruptcy Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408064