Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Resolution Professional Can't Cherry-Pick Entries From Financial Records Of Corporate Debtor While Verifying Claims Of Creditors: NCLT New Delhi
The NCLT, New Delhi, has ruled that a "Resolution Professional can't cherry-pick entries from financial records" while verifying claims of creditors. The tribunal’s decision reinforces the importance of a comprehensive and fair approach by a Resolution Professional. The ruling ensures that the claims of all creditors are properly considered and verified, preventing a selective approach. This judgment is a crucial reminder to Resolution Professionals to act impartially and diligently.