Appellant's Claim for Managerial Remuneration Rejected; Must Substantiate Form-D with Records During CIRP Process.

CIRP process - release of managerial remuneration/salary arrears - Appellant claims that his Application was considered by the Adjudicating Authority but the Adjudicating Authority wrongly rejected the same - When the claim is submitted in Form-D, the amount claimed must have support from record to spell out dues payable and the Applicant cannot expect the Resolution Professional and COC to go and get the necessary permissions .....

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