https://www.taxtmi.com/caselaws?id=420858 The Tribunal held that the Resolution Professional erred in admitting the claim for a nominal amount of Rs. 1 instead of the full decretal amount of Rs. 21,79,88,328.04 as per the decree. The Resolution Professional was directed to include the entire claim amount in the records, subject to the pending appeal's final outcome before the High Court. This decision aimed at ensuring transparency for potential resolution applicants. Consequently, the Tribunal allowed the application and directed the inclusion of the Applicant's claim for the total decretal sum, emphasizing the importance of accurately assessing and admitting claim amounts in insolvency proceedings based on prior judgments' legal status and finality. en-us Wed, 30 Mar 2022 00:00:00 +0530 Tue, 12 Apr 2022 09:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420858 The Tribunal held that the Resolution Professional erred in admitting the claim for a nominal amount of Rs. 1 instead of the full decretal amount of Rs. 21,79,88,328.04 as per the decree. The Resolution Professional was directed to include the entire claim amount in the records, subject to the pending appeal's final outcome before the High Court. This decision aimed at ensuring transparency for potential resolution applicants. Consequently, the Tribunal allowed the application and directed the inclusion of the Applicant's claim for the total decretal sum, emphasizing the importance of accurately assessing and admitting claim amounts in insolvency proceedings based on prior judgments' legal status and finality. Case-Laws Insolvency and Bankruptcy Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420858