2023 (9) TMI 663

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....3<br>Comp. App. (AT) (Ins.) No. 1200 of 2023 Comp. App. (AT) (Ins.) No. 1124 of 2023 - -<br>Insolvency & Bankruptcy<br>[ Justice Ashok Bhushan ] Chairperson And [ Barun Mitra ] Member ( Technical ) For the Appellant : Present but not marked appearance For the Respondent : Mr. Sumesh Dhawan, Ms. Vatsala Kak, Mr. Shaurya Shyam, Mr. Raghav Dembla, Advocates for RP ORDER These two Appeals ....

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....res and odd which was revised to Rs.26 Crores subsequently but the Resolution Professional has only admitted the claim of Rs.96 lakhs and odd which was not in accordance with law. It is submitted that the Appellant thereafter filed the Application before the Adjudicating Authority seeking a direction to Resolution Professional to settle the claim. It is submitted that the Resolution Professional h....

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.... view, that the IA is without any merit. It has been claimed that there were outstanding dues of workmen amounting to Rs. 26.87 Crores. However, the Applicant has not substantiated this part of the claim by way of any supporting document. On the contrary, it is the definite case of the Respondent/Resolution Professional that after verifying the records of the Corporate Debtor a sum of Rs. 96,83,49....

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....of the Claimant to bring all relevant record to substantiate the claim. The Resolution Professional having admitted the claim of Rs.96 lakhs and odd on the basis of balance sheet of the Corporate Debtor, no error can be said to have been committed by the Resolution Professional for accepting the claim of Rs. 96 lakhs and odd. The Adjudicating Authority also held that there are no documents filed t....