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    <title>Insolvency claim for disputed service invoices and generation-loss damages treated as contingent while liability case stayed pending</title>
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    <description>The dominant issue was whether the RP wrongly classified the appellant&#039;s CIRP claim under disputed invoices as contingent and denied payment for alleged services/loss of generation. Applying s.18 IBC read with regs. 10, 13(1) and 14 of the CIRP Regulations, the NCLAT held the RP&#039;s function is limited to collating and verifying claims on the basis of available documents and does not extend to adjudicating the legality or validity of disputed claims. Since the invoices&#039; legality and the corporate debtor&#039;s liability were sub judice before the Allahabad HC and liability was consistently disputed, the claim was contingent on that outcome; the appeal was dismissed.</description>
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    <pubDate>Wed, 17 Dec 2025 15:33:56 +0530</pubDate>
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      <title>Insolvency claim for disputed service invoices and generation-loss damages treated as contingent while liability case stayed pending</title>
      <link>https://www.taxtmi.com/highlights?id=95109</link>
      <description>The dominant issue was whether the RP wrongly classified the appellant&#039;s CIRP claim under disputed invoices as contingent and denied payment for alleged services/loss of generation. Applying s.18 IBC read with regs. 10, 13(1) and 14 of the CIRP Regulations, the NCLAT held the RP&#039;s function is limited to collating and verifying claims on the basis of available documents and does not extend to adjudicating the legality or validity of disputed claims. Since the invoices&#039; legality and the corporate debtor&#039;s liability were sub judice before the Allahabad HC and liability was consistently disputed, the claim was contingent on that outcome; the appeal was dismissed.</description>
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