https://www.taxtmi.com/highlights?id=75607 CIRP - Calculation of the interest - admission of the claim by the Resolution Professional - The Adjudicating Authority directed to examine the exorbitantly high interest and charges admitted by the Resolution Professional. It was deemed appropriate to grant interim relief restraining the COC from considering and approving the resolution plans during the pendency of the case.The NCLAT held that the matter of interest and charges does not fall within the ambit of the COC. The responsibility of verifying claims submitted by parties lies with the Resolution Professional. en-us Tue, 12 Mar 2024 08:54:57 +0530 Tue, 12 Mar 2024 08:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75607 CIRP - Calculation of the interest - admission of the claim by the Resolution Professional - The Adjudicating Authority directed to examine the exorbitantly high interest and charges admitted by the Resolution Professional. It was deemed appropriate to grant interim relief restraining the COC from considering and approving the resolution plans during the pendency of the case.The NCLAT held that the matter of interest and charges does not fall within the ambit of the COC. The responsibility of verifying claims submitted by parties lies with the Resolution Professional. Highlights Insolvency and Bankruptcy Tue, 12 Mar 2024 08:54:57 +0530 https://www.taxtmi.com/highlights?id=75607