Verification of claims [Section 39]

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.... the claim, in whole or in part (regulation 30). * Time limit for submission of claim [ Section 39(1) ] * The liquidator shall verify the claims submitted within 30 days from the last date for receipt of claims. * Documentary Evidence for submission of claim [ Section 39(2) Read with regulation 23 of IBBI (Liquidation Process), Regulation, 2016 ] * The liquidator may require any creditor ....

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.... the amount claimed by a claimant is not precise due to any contingency or any other reason, * the liquidator shall make the best estimate of the amount of the claim based on the information available with him. * Debt in foreign currency [ Regulation 26 - IBBI (Liquidation Process), Regulation, 2016 ] * The claims denominated in foreign currency shall be valued in Indian currency at the off....

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....to the contrary, where a stakeholder has proved for a claim under regulation 28(1), and the debt has not fallen due before distribution, he is entitled to distribution of the admitted claim reduced as follows- X/ (1+r)n where- (a) "X" is the value of the admitted claim; (b) "r" is the closing yield rate (%) of government securities of the maturity of "n" on the....