https://www.taxtmi.com/caselaws?id=444011 A claim in CIRP may be rejected where the supporting documents are unreliable, forged, or unsupported by satisfactory proof of the alleged debt. The appellant's reliance on MOUs, allotment letters, cheques, and asserted consultancy or liaisoning arrangements did not establish a legally sustainable claim, because no credible agreement, invoices, or service tax payment were proved and the corporate debtor's records supported only payment of Rs. 30 lakhs. The appellate tribunal therefore found no basis to interfere with the reduction of the claim and upheld rejection of the higher claim amount. en-us Wed, 02 Aug 2023 00:00:00 +0530 Sat, 07 Oct 2023 08:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444011 A claim in CIRP may be rejected where the supporting documents are unreliable, forged, or unsupported by satisfactory proof of the alleged debt. The appellant's reliance on MOUs, allotment letters, cheques, and asserted consultancy or liaisoning arrangements did not establish a legally sustainable claim, because no credible agreement, invoices, or service tax payment were proved and the corporate debtor's records supported only payment of Rs. 30 lakhs. The appellate tribunal therefore found no basis to interfere with the reduction of the claim and upheld rejection of the higher claim amount. Case-Laws Insolvency and Bankruptcy Wed, 02 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444011