https://www.taxtmi.com/caselaws?id=443041 The Adjudicating Authority upheld the Resolution Professional's decision to admit a lower claim amount of Rs.96 lakhs for workers' dues based on the Corporate Debtor's balance sheet. The Appellant's failure to provide supporting documents for the claimed outstanding dues of Rs.26.87 Crores led to the rejection of their challenge. Additionally, the Adjudicating Authority approved the Resolution Plan, which proposed payment of the admitted amount to the workmen. Both appeals were dismissed by the Tribunal. en-us Thu, 14 Sep 2023 00:00:00 +0530 Fri, 15 Sep 2023 08:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443041 The Adjudicating Authority upheld the Resolution Professional's decision to admit a lower claim amount of Rs.96 lakhs for workers' dues based on the Corporate Debtor's balance sheet. The Appellant's failure to provide supporting documents for the claimed outstanding dues of Rs.26.87 Crores led to the rejection of their challenge. Additionally, the Adjudicating Authority approved the Resolution Plan, which proposed payment of the admitted amount to the workmen. Both appeals were dismissed by the Tribunal. Case-Laws Insolvency and Bankruptcy Thu, 14 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443041