‘Quasi-judicial’ role of liquidators in treating disputed claims under the IBC

The Insolvency and Bankruptcy Code, 2016 (“IBC”) is silent on the treatment of a disputed or contingent claim, which is pending adjudication before a judicial or quasi-judicial body, giving rise to a contentious issue. The decision of the Hon’ble Supreme Court in Committee of Creditors of Essar Steel Limited v.

Filed under:
India, Insolvency & Restructuring, Litigation, Cyril Amarchand Mangaldas, Liquidation, Insolvency and Bankruptcy Board of India, Insolvency and Bankruptcy Code (India), Supreme Court of India, National Company Law Tribunal
Authors:
Gyanendra Kumar , Shreya Som , Soumyaditya Dasgupta , Shivam Tiwari
Location:
India
Firm:
Cyril Amarchand Mangaldas