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TMI Blog2020 (2) TMI 1465X X X X Extracts X X X X X X X X Extracts X X X X ..... - impugned order is assailed primarily on the ground that the claim filed by the Appellants in regard to debts due and payable in future could not be rejected - HELD THAT:- The prayer in the appeals cannot be acceded to at this stage when the Resolution Process is underway and has not fructified into approval of a Resolution Plan. Moreover, the Adjudicating Authority has already taken care of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty dismissed the applications moved by the Appellants observing that the information relating to the disputes with the Corporate Debtor including the disputes with respect to claims arising out of loss or damages shall be reflected in the Information Memorandum. The impugned order is assailed primarily on the ground that the claim filed by the Appellants in regard to debts due and payable in fut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing all information in regard to claims as ascertainable from various sources including books of account of the Corporate Debtor and Information Utility and other evidence and verifying the same before its incorporation in the Information Memorandum. The Resolution Professional is not an Adjudicating Authority empowered to admit or reject a claim and no mechanism in the nature of an appeal provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in future neither being asserted nor made out, apprehensions of the Appellants are unfounded in as-much-as the Adjudicating Authority has taken care to direct the Resolution Professional to incorporate information relating to such claims, even if disputed in the Information Memorandum. In view of this legal position, we are of the considered opinion that the prayer in the appeals cannot be acc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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