2020 (11) TMI 973

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..... the Arbitrator and it has been, therefore, rightly described in the memorandum as other creditor claims (claims under adjudication) - The purpose of memorandum is only to provide relevant information regarding the financial position of the company in question. It is not about deciding the claim or disregarding the claim amount, if it exists in law. Suffice it to observe that the claim of the ap .....

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..... ROY, JJ. ORDER We have heard learned counsel for the parties. The limited issue in this appeal is about the claim of the appellant not being reflected under the heading Claims of Operational Creditors in the Information Memorandum prepared by the Resolution Professional. The Adjudicating Authority and the Appellate Tribunal have taken a view that the appellant s claim is already n .....

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..... ciding the claim or disregarding the claim amount, if it exists in law. The Resolution Professional has no authority/power to accept or disallow the claims. The appellant s claim would not get extinguished unless it is adjudicated upon by a competent forum or by operation of law. Suffice it to observe that the claim of the appellant has been taken note of in the information memorandum and do .....

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