Claim submitted by RP under CIRP with Proof cannot be Overlooked on mere submission in Wrong Form: Supreme Court [Read Judgement]

RP - CIRP - Overlooked - mere submission - Wrong Form - Supreme Court - taxscan

In a significant ruling the Supreme Court held that the claim submitted by the Resolution Professional ( RP ) under the Corporate Insolvency Resolution Process ( CIRP ) with proof cannot be overlooked on mere submission in the wrong form. These appeals under Section 62 of the Insolvency and Bankruptcy Code, 20161 are directed against…

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