https://www.taxtmi.com/caselaws?id=438973 Under the Insolvency and Bankruptcy Code, a resolution professional's role is to collect, verify and collate claims, and to make a best estimate where the amount is uncertain. Where the claimant's entitlement may be affected by pending arbitration and a possible set-off on the corporate debtor's counterclaim, keeping the claim in abeyance can be a permissible administrative course. The professional is not required to adjudicate disputed quantum before acting. Immediate admission of the claim was therefore refused, and the abeyance decision was sustained in the stated circumstances. en-us Mon, 12 Jun 2023 00:00:00 +0530 Wed, 14 Jun 2023 01:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438973 Under the Insolvency and Bankruptcy Code, a resolution professional's role is to collect, verify and collate claims, and to make a best estimate where the amount is uncertain. Where the claimant's entitlement may be affected by pending arbitration and a possible set-off on the corporate debtor's counterclaim, keeping the claim in abeyance can be a permissible administrative course. The professional is not required to adjudicate disputed quantum before acting. Immediate admission of the claim was therefore refused, and the abeyance decision was sustained in the stated circumstances. Case-Laws Insolvency and Bankruptcy Mon, 12 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438973