Supreme Court: Admission of a Claim by a Resolution Professional is Not Debt Acknowledgment - (30 Apr 2026)
INSOLVENCY
Supreme Court set aside the NCLAT ruling that treated a resolution professional’s admission of a creditor’s claim as acknowledgment of debt, holding it does not extend limitation for filing a Section 7 application under the Insolvency and Bankruptcy Code.
Tags : INSOLVENCY AND BANKRUPTCY CODE; CLAIM; RESOLUTION PROFESSIONAL
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