https://www.taxtmi.com/caselaws?id=423542 The Tribunal upheld the Liquidator's acceptance of claims, finding no procedural errors and compliance with the Insolvency and Bankruptcy Code. It ruled that the Liquidator was justified in verifying and admitting partial amounts of claims based on records and legal opinions. The Tribunal emphasized that the IBC is a comprehensive law and rejected the applicant's plea to await final adjudication of claims in other forums. Additionally, the Tribunal instructed the Liquidator to expedite the liquidation process and actively pursue pending cases, dismissing allegations of non-cooperation by the applicant. en-us Fri, 03 Jun 2022 00:00:00 +0530 Thu, 09 Jun 2022 08:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423542 The Tribunal upheld the Liquidator's acceptance of claims, finding no procedural errors and compliance with the Insolvency and Bankruptcy Code. It ruled that the Liquidator was justified in verifying and admitting partial amounts of claims based on records and legal opinions. The Tribunal emphasized that the IBC is a comprehensive law and rejected the applicant's plea to await final adjudication of claims in other forums. Additionally, the Tribunal instructed the Liquidator to expedite the liquidation process and actively pursue pending cases, dismissing allegations of non-cooperation by the applicant. Case-Laws Insolvency and Bankruptcy Fri, 03 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423542