https://www.taxtmi.com/caselaws?id=760031 Where a corporate insolvency resolution process claim has already been substantially admitted, appellate interference is unwarranted. The Resolution Professional confirmed final admission of the principal amount, admission of interest for voting-share calculation under Regulation 16A(7) of the CIRP Regulations, and partial admission of the salary-related claim on the basis of available documents. In light of that recorded admission, there was no basis to disturb the claim-admission order, and the challenge was rejected. The appeal did not lead to any further enlargement of the claim already recognised in the insolvency process. en-us Tue, 30 Apr 2024 00:00:00 +0530 Mon, 14 Oct 2024 10:36:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760031 Where a corporate insolvency resolution process claim has already been substantially admitted, appellate interference is unwarranted. The Resolution Professional confirmed final admission of the principal amount, admission of interest for voting-share calculation under Regulation 16A(7) of the CIRP Regulations, and partial admission of the salary-related claim on the basis of available documents. In light of that recorded admission, there was no basis to disturb the claim-admission order, and the challenge was rejected. The appeal did not lead to any further enlargement of the claim already recognised in the insolvency process. Case-Laws IBC Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760031