https://www.taxtmi.com/caselaws?id=787501 The Tribunal addressed whether a creditor with an admitted claim in CIRP may update or withdraw that claim under Regulation 12A when it is partly or fully satisfied, and whether the IRP/RP may refuse such withdrawal or must seek the Adjudicating Authority. It held that Regulation 12A requires creditors to update claims on partial or full satisfaction and that the IRP/RP has administrative duties to receive, verify and maintain updated claims but lacks adjudicatory power to finally determine withdrawal. Consequently, final determination of withdrawal requires the Adjudicating Authority; the IRP was justified in seeking directions and the matter is remanded for fresh decision. en-us Wed, 25 Feb 2026 00:00:00 +0530 Sat, 07 Mar 2026 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787501 The Tribunal addressed whether a creditor with an admitted claim in CIRP may update or withdraw that claim under Regulation 12A when it is partly or fully satisfied, and whether the IRP/RP may refuse such withdrawal or must seek the Adjudicating Authority. It held that Regulation 12A requires creditors to update claims on partial or full satisfaction and that the IRP/RP has administrative duties to receive, verify and maintain updated claims but lacks adjudicatory power to finally determine withdrawal. Consequently, final determination of withdrawal requires the Adjudicating Authority; the IRP was justified in seeking directions and the matter is remanded for fresh decision. Case-Laws IBC Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787501