Student at Dr. Harisingh Gour University, Sagar (A Central University), M.P., India
In the Corporate Insolvency Resolution Process (CIRP) initiated under the I&B Code 2016 (Code), Claims are a very important concept in the IBC regime. Sections 18 and 25 of the Insolvency and Bankruptcy Code, 2016 (IBC) lay down the duties of an interim resolution professional (IRP) and a resolution professional (RP) respectively. The provisions of Code strive on the protection of interest of creditors of a company which is under CIRP while completing the insolvency resolution process in a time-bound manner. The IBC is fortified with mechanisms to reduce and efficiently deal with the rejection of claims, creditors whose claims are rejected would continue to face prejudice.
International Journal of Law Management and Humanities, Volume 4, Issue 5, Page 1805 - 1807DOI: https://doij.org/10.10000/IJLMH.112147
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