https://www.taxtmi.com/caselaws?id=425634 In insolvency proceedings, disputed and uncrystallized claims for interest, loss of profit and allied amounts were treated as not amenable to quantification or adjudication in the Tribunal's summary jurisdiction. The claim was raised after completion of the contract, was not supported by the documents placed before the Resolution Professional, and was not backed by prior adjudication before any competent forum. Because the claimant also failed to provide sufficient particulars for verification, the remaining claim was held inadmissible for adjudication in those proceedings and was rejected. en-us Wed, 06 Jul 2022 00:00:00 +0530 Thu, 28 Jul 2022 09:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425634 In insolvency proceedings, disputed and uncrystallized claims for interest, loss of profit and allied amounts were treated as not amenable to quantification or adjudication in the Tribunal's summary jurisdiction. The claim was raised after completion of the contract, was not supported by the documents placed before the Resolution Professional, and was not backed by prior adjudication before any competent forum. Because the claimant also failed to provide sufficient particulars for verification, the remaining claim was held inadmissible for adjudication in those proceedings and was rejected. Case-Laws Insolvency and Bankruptcy Wed, 06 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425634