https://www.taxtmi.com/caselaws?id=408377 A resolution professional must verify a creditor's claim on the basis of relevant supporting material and cannot keep verification pending merely on suspicion of forgery. Under the CIRP Regulations, proof of debt may be supported by payment receipts, claim verification must be completed within time, and a best estimate may be made where the amount is not exact. Receipts, bank withdrawal details and other supporting materials were treated as sufficient proof, and the absence of the corporate debtor's books did not justify indefinite withholding of verification. The documents were also regarded as capable of evaluation as secondary evidence under the Evidence Act. The claim was directed to be verified for the full financial debt claimed. en-us Mon, 31 May 2021 00:00:00 +0530 Tue, 08 Jun 2021 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408377 A resolution professional must verify a creditor's claim on the basis of relevant supporting material and cannot keep verification pending merely on suspicion of forgery. Under the CIRP Regulations, proof of debt may be supported by payment receipts, claim verification must be completed within time, and a best estimate may be made where the amount is not exact. Receipts, bank withdrawal details and other supporting materials were treated as sufficient proof, and the absence of the corporate debtor's books did not justify indefinite withholding of verification. The documents were also regarded as capable of evaluation as secondary evidence under the Evidence Act. The claim was directed to be verified for the full financial debt claimed. Case-Laws Insolvency and Bankruptcy Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408377