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Validity of interim award granted - CIRP - The appellant herein, ...


Appellant's Claim Admission in CIRP Form B is Conclusive, Validating Interim Award without Further Evidence, Rules High Court.

February 28, 2023

Case Laws     Insolvency and Bankruptcy     HC

Validity of interim award granted - CIRP - The appellant herein, while giving a detailed statement of claims in Form B before the IRP, has also indicated that the set-off amount has to be paid by it to the respondent. It is a categorical admission by the appellant which requires no further adjudication, and there can be no evidence better than an admission. - HC

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