https://www.taxtmi.com/caselaws?id=416799 The National Company Law Tribunal Mumbai Bench allowed the first Appellant to file a claim for unpaid rent as an 'Operational Creditor'. The Resolution Professional was directed to collate and classify the claim under the Liquidation Mechanism. The Adjudicating Authority upheld the termination notice, directed calculation of outstanding rent, and restrained the Respondents from adjusting amounts from the Security Deposit. The Tribunal modified the decision, requiring the Respondents to file claims up to the termination date and emphasized the RP's duty to preserve assets. The Appeal was partly allowed, with the modified Order to be communicated to the NCLT Mumbai Bench. en-us Fri, 07 Jan 2022 00:00:00 +0530 Sat, 08 Jan 2022 09:48:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416799 The National Company Law Tribunal Mumbai Bench allowed the first Appellant to file a claim for unpaid rent as an 'Operational Creditor'. The Resolution Professional was directed to collate and classify the claim under the Liquidation Mechanism. The Adjudicating Authority upheld the termination notice, directed calculation of outstanding rent, and restrained the Respondents from adjusting amounts from the Security Deposit. The Tribunal modified the decision, requiring the Respondents to file claims up to the termination date and emphasized the RP's duty to preserve assets. The Appeal was partly allowed, with the modified Order to be communicated to the NCLT Mumbai Bench. Case-Laws Insolvency and Bankruptcy Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416799