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    <title>SC rejects UP power body&#039;s claims in Essar Power MP insolvency dispute</title>
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    <description>The dispute concerns admission of pre insolvency operational claims as contingent claims admitted nominally by the resolution professional while an approved resolution plan provided no payment to operational creditors due to secured financial creditor priority. Appellate tribunals treated the RP&#039;s role as administrative and accepted nominal admission where disputes are pending, and the court stressed that the implemented resolution plan is final and reopening settled claims would disrupt the insolvency process.</description>
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      <description>The dispute concerns admission of pre insolvency operational claims as contingent claims admitted nominally by the resolution professional while an approved resolution plan provided no payment to operational creditors due to secured financial creditor priority. Appellate tribunals treated the RP&#039;s role as administrative and accepted nominal admission where disputes are pending, and the court stressed that the implemented resolution plan is final and reopening settled claims would disrupt the insolvency process.</description>
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