https://www.taxtmi.com/caselaws?id=752279 NCLAT Chennai dismissed appellant's appeal challenging liquidator's rejection of claim worth Rs.31.71 crore against corporate debtor. Appellant alleged CD failed to honor purchase and work orders, establish letters of credit, and perform contractual obligations. Liquidator rejected claim citing lack of supporting documents like invoices and dispatch records, stating disputed claims involving non-performance require adjudication by civil court or arbitrator before being recognized as dues under IBC. NCLT Hyderabad upheld liquidator's decision, noting liquidator cannot decide claims and counter-claims. NCLAT found appeal meritless, confirming liquidator acted within statutory framework and provided sufficient reasons for rejection. en-us Fri, 03 May 2024 00:00:00 +0530 Tue, 07 May 2024 07:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752279 NCLAT Chennai dismissed appellant's appeal challenging liquidator's rejection of claim worth Rs.31.71 crore against corporate debtor. Appellant alleged CD failed to honor purchase and work orders, establish letters of credit, and perform contractual obligations. Liquidator rejected claim citing lack of supporting documents like invoices and dispatch records, stating disputed claims involving non-performance require adjudication by civil court or arbitrator before being recognized as dues under IBC. NCLT Hyderabad upheld liquidator's decision, noting liquidator cannot decide claims and counter-claims. NCLAT found appeal meritless, confirming liquidator acted within statutory framework and provided sufficient reasons for rejection. Case-Laws Insolvency and Bankruptcy Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752279