https://www.taxtmi.com/caselaws?id=777041 NCLAT held the appeal by the Resolution Professional was maintainable and dismissed the appeal. The Tribunal found the Adjudicating Authority's adverse observations accusing the RP of excess and abuse of power should be deleted, and its direction to forward a copy to IBBI was set aside. The panel confirmed the RP's statutory duty under CIRP regulations to verify claims as on the insolvency commencement date and that verification is not adjudication. The Adjudicating Authority's direction to reconsider the claim of Respondent No.1 was upheld; the RP must reconsider and take a decision. en-us Thu, 21 Aug 2025 00:00:00 +0530 Sat, 23 Aug 2025 08:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777041 NCLAT held the appeal by the Resolution Professional was maintainable and dismissed the appeal. The Tribunal found the Adjudicating Authority's adverse observations accusing the RP of excess and abuse of power should be deleted, and its direction to forward a copy to IBBI was set aside. The panel confirmed the RP's statutory duty under CIRP regulations to verify claims as on the insolvency commencement date and that verification is not adjudication. The Adjudicating Authority's direction to reconsider the claim of Respondent No.1 was upheld; the RP must reconsider and take a decision. Case-Laws IBC Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777041