https://www.taxtmi.com/caselaws?id=774016 NCLAT Principal Bench set aside the adjudicating authority's order dated 21.11.2023 rejecting appellant's applications for financial creditor status. The Resolution Professional had rejected claims citing lack of documentation and alleged forged documents, despite acknowledging payments received by corporate debtor. Court found adjudicating authority failed to consider each application individually based on specific facts. Applications were wrongly rejected based solely on decision in different matter. Court revived applications I.A. Nos. 1377/2023, 1375/2023, 1376/2023 & 1385/2023 for fresh consideration by adjudicating authority. Appeal allowed in part. en-us Mon, 30 Jun 2025 00:00:00 +0530 Wed, 02 Jul 2025 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774016 NCLAT Principal Bench set aside the adjudicating authority's order dated 21.11.2023 rejecting appellant's applications for financial creditor status. The Resolution Professional had rejected claims citing lack of documentation and alleged forged documents, despite acknowledging payments received by corporate debtor. Court found adjudicating authority failed to consider each application individually based on specific facts. Applications were wrongly rejected based solely on decision in different matter. Court revived applications I.A. Nos. 1377/2023, 1375/2023, 1376/2023 & 1385/2023 for fresh consideration by adjudicating authority. Appeal allowed in part. Case-Laws IBC Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774016