https://www.taxtmi.com/caselaws?id=428124 In insolvency proceedings, the Resolution Professional's role is limited to collecting, collating and verifying claims on the basis of the record and available information; the function is administrative, not adjudicatory. On that basis, the Tribunal upheld the reduction of the claimant's admitted amount where the materials included the loan documents, the corporate debtor's records and information from the RBI, as well as the arbitral award and related treatment of the security deposit and interest. The claimant was therefore not entitled to restoration of the higher claimed amount, and interference with the claim verification was refused. en-us Fri, 23 Sep 2022 00:00:00 +0530 Sat, 24 Sep 2022 08:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428124 In insolvency proceedings, the Resolution Professional's role is limited to collecting, collating and verifying claims on the basis of the record and available information; the function is administrative, not adjudicatory. On that basis, the Tribunal upheld the reduction of the claimant's admitted amount where the materials included the loan documents, the corporate debtor's records and information from the RBI, as well as the arbitral award and related treatment of the security deposit and interest. The claimant was therefore not entitled to restoration of the higher claimed amount, and interference with the claim verification was refused. Case-Laws Insolvency and Bankruptcy Fri, 23 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428124