https://www.taxtmi.com/caselaws?id=427329 Section 60(5)(b) of the Insolvency and Bankruptcy Code does not confer jurisdiction on the Adjudicating Authority to decide disputed recovery claims that require evidence and independent factual determination. Where sundry debtors contest liability, the liquidator cannot use summary insolvency proceedings to obtain a recovery determination that would bypass ordinary civil adjudication. Such claims must be pursued through the appropriate legal forum, and the NCLT's role remains confined to matters with a direct insolvency nexus. The application for recovery was therefore held not maintainable before the Adjudicating Authority. en-us Thu, 01 Sep 2022 00:00:00 +0530 Wed, 07 Sep 2022 06:45:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427329 Section 60(5)(b) of the Insolvency and Bankruptcy Code does not confer jurisdiction on the Adjudicating Authority to decide disputed recovery claims that require evidence and independent factual determination. Where sundry debtors contest liability, the liquidator cannot use summary insolvency proceedings to obtain a recovery determination that would bypass ordinary civil adjudication. Such claims must be pursued through the appropriate legal forum, and the NCLT's role remains confined to matters with a direct insolvency nexus. The application for recovery was therefore held not maintainable before the Adjudicating Authority. Case-Laws Insolvency and Bankruptcy Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427329