Appellant's Claim for Managerial Remuneration Rejected; Must Substantiate Form-D with Records During CIRP Process.

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....CIRP process - release of managerial remuneration/salary arrears - Appellant claims that his Application was considered by the Adjudicating Authority but the Adjudicating Authority wrongly rejected the same - When the claim is submitted in Form-D, the amount claimed must have support from record to spell out dues payable and the Applicant cannot expect the Resolution Professional and COC to go and get the necessary permissions....