https://www.taxtmi.com/caselaws?id=410634 The Tribunal directed the RP to admit the claim of an operational creditor, emphasizing the enforceability of the debt despite being time-barred. It upheld rejections of claims not supported by enforceable debts. Dismissed applications seeking RP removal, deferring adjudication to the IBBI. Clarified lack of jurisdiction over OTS proposals, affirming lender autonomy in such decisions. The Tribunal highlighted procedural requirements under the MSME Act and provided clear directives on claim admissibility. en-us Tue, 27 Jul 2021 00:00:00 +0530 Fri, 06 Aug 2021 09:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410634 The Tribunal directed the RP to admit the claim of an operational creditor, emphasizing the enforceability of the debt despite being time-barred. It upheld rejections of claims not supported by enforceable debts. Dismissed applications seeking RP removal, deferring adjudication to the IBBI. Clarified lack of jurisdiction over OTS proposals, affirming lender autonomy in such decisions. The Tribunal highlighted procedural requirements under the MSME Act and provided clear directives on claim admissibility. Case-Laws Insolvency and Bankruptcy Tue, 27 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410634