2020 (11) TMI 997

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....) For the Appellant : Rajiv Virmani, Tarun Biswas, Anuj Malhotra for RP, Swarna Advs., Aditya Nair Advs. For the Ex-IRP : Mr. Shivanshu Kumar for Ex-IRP For the Resolution Applicant : Saurabh Kalia and Kanvi Nagpal, Advs. ORDER IA-4157(PB)/2020:- On hearing the application filed by the IRP seeking for remuneration which is already approved by the CoC, the RP is hereby directed to....

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....n 25.08.2020 stating that the resolution plan has already been approved and claim has not been filed within the time prescribed. Since it is a claim against the Corporate Debtor, it should have been noted in the records of the Corporate Debtor about pendency of execution for realization of award amount, that being the situation, the RP should not have summarily rejected the claim of the applica....

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....ng concern? It has become routine to pick up a plan and then approve it with whoever is present in the CoC. It is quite obvious that if CoC is constituted with less number of creditors, it will become more beneficial to the creditors in the CoC. But it is the bounden duty of the RP to ascertain as much information as he could gather, so that creditors entitled to their share are not left out. ....