2018 (12) TMI 1833

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....)-1053/MB/2017 MA 1360/2018 MA 1360/2018 has been filed by Federal Bank Ltd for issuing directions against the Resolution Professional to accept the Petitioner/Non-Applicant's Proof of Claim. It is stated in the application that in around October 2018, it came to the notice of the Petitioner/Non-applicant that the public announcement of the Corporate Insolvency Resolution process has been do....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....im that the Resolution Professional ought to have considered the claim, under the CIRP Regulations and Circulars of IBBI, since he has the liberty to make interim estimate of the claims received and then can subsequently revise the same when additional information is received. From the very fact stated in the Petition that the resolution plan has already been approved by the CoC, after appro....