https://www.taxtmi.com/caselaws?id=304489 The Resolution Professional's function in the insolvency process is administrative: he collects and collates claims on the basis of material produced, but does not adjudicate disputed claims on merits. Here, the applicant sought restoration of a claim at the higher amount originally lodged, but the claim had been revised after further documents were received and the accounts were reconciled, including the effect of an arbitration award and later communications. On that record, no legal basis was shown to compel restoration of the earlier provisional admission, and the application under section 60(5)(c) was held not maintainable. en-us Wed, 10 Mar 2021 00:00:00 +0530 Fri, 30 Sep 2022 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304489 The Resolution Professional's function in the insolvency process is administrative: he collects and collates claims on the basis of material produced, but does not adjudicate disputed claims on merits. Here, the applicant sought restoration of a claim at the higher amount originally lodged, but the claim had been revised after further documents were received and the accounts were reconciled, including the effect of an arbitration award and later communications. On that record, no legal basis was shown to compel restoration of the earlier provisional admission, and the application under section 60(5)(c) was held not maintainable. Case-Laws Insolvency and Bankruptcy Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304489