https://www.taxtmi.com/caselaws?id=298328 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 application despite discrepancies in the claim amount, emphasizing the Resolution Professional's responsibility for claim validation. The appeal challenging the resolution plan based on the approved amount of Rs. 2173 against a total claim of Rs. 2,39,33,935 was dismissed, highlighting the Authority's limited role in verifying claims at the admission stage. The judgment clarifies the respective roles of the Adjudicating Authority and Resolution Professional in insolvency proceedings, with the Tribunal intervening only in cases of significant irregularities. en-us Wed, 16 Oct 2019 00:00:00 +0530 Thu, 23 Dec 2021 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298328 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 application despite discrepancies in the claim amount, emphasizing the Resolution Professional's responsibility for claim validation. The appeal challenging the resolution plan based on the approved amount of Rs. 2173 against a total claim of Rs. 2,39,33,935 was dismissed, highlighting the Authority's limited role in verifying claims at the admission stage. The judgment clarifies the respective roles of the Adjudicating Authority and Resolution Professional in insolvency proceedings, with the Tribunal intervening only in cases of significant irregularities. Case-Laws Insolvency and Bankruptcy Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298328