IRP has power to change the claim amount if Additional Materials Comes: Delhi NCLAT Upholds Reduction of Claim

By Navasree A.M - On April 9, 2023 1:15 pm - 2 mins read

IRP--power-to-change-the-claim-amount---Delhi-NCLAT---Reduction-of-Claim---Taxscan

National Company Law Appellate Tribunal (NCLAT) of Delhi composed of Justice Ashok Bhushan and Justice Barun Mitra upheld the subsequent reduction of the claim by Insolvency Resolution Professional (IRP). The Appellant actually filed the Section 7 application, which was granted. The Appellant submitted a claim for Rs. 6,52,42,330 in response to the IRP’s publication, and…

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