NCLAT Upholds Rejection of Inflated Claims, Approves CIRP Termination and Resolution Professional Replacement. https://www.taxtmi.com/highlights?id=74837 CIRP - The NCLAT upheld the decision to reject inflated claims by the financial creditor, Stressed Assets Stabilization Fund (SASF), and supported the termination of the CIRP process from the stage of the second Expression of Interest (EOI). The appellate tribunal also approved the replacement of the resolution professional, emphasizing the need for a fair and transparent CIRP process. en-us Mon, 12 Feb 2024 06:29:22 +0530 Mon, 12 Feb 2024 06:29:22 +0530 TaxTMI RSS Generator NCLAT Upholds Rejection of Inflated Claims, Approves CIRP Termination and Resolution Professional Replacement. https://www.taxtmi.com/highlights?id=74837 CIRP - The NCLAT upheld the decision to reject inflated claims by the financial creditor, Stressed Assets Stabilization Fund (SASF), and supported the termination of the CIRP process from the stage of the second Expression of Interest (EOI). The appellate tribunal also approved the replacement of the resolution professional, emphasizing the need for a fair and transparent CIRP process. Highlights Insolvency and Bankruptcy Mon, 12 Feb 2024 06:29:22 +0530 https://www.taxtmi.com/highlights?id=74837