https://www.taxtmi.com/highlights?id=74917 Scope of duty of RP - Seeking acceptance of the claims which had been rejected by the Resolution Professional - Proof of services provided and debts - The NCLAT held that the RP did not exceed his powers by seeking additional proof to substantiate the claims. The RP's role includes verifying claims to ensure their accuracy for the CIRP process, and the request for additional proof was within his administrative powers, not constituting adjudication. - The Tribunal found that the RP acted within his mandate by seeking further evidence to ensure the credibility of the insolvency process. en-us Thu, 15 Feb 2024 07:30:46 +0530 Thu, 15 Feb 2024 07:30:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74917 Scope of duty of RP - Seeking acceptance of the claims which had been rejected by the Resolution Professional - Proof of services provided and debts - The NCLAT held that the RP did not exceed his powers by seeking additional proof to substantiate the claims. The RP's role includes verifying claims to ensure their accuracy for the CIRP process, and the request for additional proof was within his administrative powers, not constituting adjudication. - The Tribunal found that the RP acted within his mandate by seeking further evidence to ensure the credibility of the insolvency process. Highlights Insolvency and Bankruptcy Thu, 15 Feb 2024 07:30:46 +0530 https://www.taxtmi.com/highlights?id=74917