https://www.taxtmi.com/caselaws?id=422227 An application concerning admission, scrutiny and inclusion of homebuyers' claims in the Committee of Creditors was found to have no surviving basis once the claims of association members had been admitted and they were represented through an authorised representative under the Insolvency and Bankruptcy Code framework. The Tribunal noted that claim verification and collation are the resolution professional's function, and that the applicants had no right to scrutinize claims of other creditors. Since the grievance had been addressed and the members were already participating in the decision-making process, the requested directions could not be pursued further and the application was dismissed as not maintainable. en-us Thu, 05 May 2022 00:00:00 +0530 Thu, 12 May 2022 08:43:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422227 An application concerning admission, scrutiny and inclusion of homebuyers' claims in the Committee of Creditors was found to have no surviving basis once the claims of association members had been admitted and they were represented through an authorised representative under the Insolvency and Bankruptcy Code framework. The Tribunal noted that claim verification and collation are the resolution professional's function, and that the applicants had no right to scrutinize claims of other creditors. Since the grievance had been addressed and the members were already participating in the decision-making process, the requested directions could not be pursued further and the application was dismissed as not maintainable. Case-Laws Insolvency and Bankruptcy Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422227