https://www.taxtmi.com/caselaws?id=304498 A financial creditor's claim in a corporate insolvency resolution process was not admitted because the Tribunal found, on the loan documents, ledger entries, balance sheets and internal correspondence, that the corporate guarantor had already repaid the outstanding loan and that the lender's balance had been adjusted against the corporate debtor's liability. The Tribunal also reaffirmed that a Resolution Professional's role is confined to verifying and collating claims from available records and does not include adjudicating a disputed claim. On that basis, the request to admit the claim failed. en-us Thu, 21 Apr 2022 00:00:00 +0530 Wed, 28 Sep 2022 20:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304498 A financial creditor's claim in a corporate insolvency resolution process was not admitted because the Tribunal found, on the loan documents, ledger entries, balance sheets and internal correspondence, that the corporate guarantor had already repaid the outstanding loan and that the lender's balance had been adjusted against the corporate debtor's liability. The Tribunal also reaffirmed that a Resolution Professional's role is confined to verifying and collating claims from available records and does not include adjudicating a disputed claim. On that basis, the request to admit the claim failed. Case-Laws Insolvency and Bankruptcy Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304498