Verification of Claims by the Resolution Professional under the Insolvency and Bankruptcy Code, 2016

New Article Published on IBC Laws

I am pleased to share that my latest article has now been published by IBC Laws:

Verification of Claims by the Resolution Professional under the Insolvency and Bankruptcy Code, 2016

Legal Framework, Common Deficiencies and Judicial Precedents — A Practical Perspective

Claim verification is one of the most important stages of the Corporate Insolvency Resolution Process. It requires careful examination of documents, reconciliation of claims, assessment of supporting evidence and proper recording of the RP’s decision.

In this article, I have discussed the statutory framework governing claim verification, the distinction between verification and adjudication, common deficiencies in claims submitted by different categories of creditors, practical difficulties faced during verification, relevant judicial precedents and some practical best practices for Resolution Professionals.

The article is based on the statutory framework, judicial decisions and practical experience in banking and insolvency assignments.

Read the complete article on IBC Laws:
Read the Article

The article is published now and freely available for reading here without any restrictions/subscription: 

Link: https://ibclaw.in/verification-of-claims-by-the-resolution-professional-under-the-insolvency-and-bankruptcy-code-2016-by-ashok-kakkar/

I welcome comments, suggestions and practical experiences from Insolvency Professionals, bankers, creditors, legal professionals and other stakeholders.

Ashok Kakkar
Advocate & Insolvency Professional