Whether the RP has jurisdiction to reject the claim of Operational Creditors in its entirety, without going into the evidence – Mr. Navneet Kumar Gupta(RP of Monnet Power Company Ltd) Vs. Bharat Heavy Electricals Ltd. -NCLAT
The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench held that the Resolution Professional wrongly disallowed the substantial claim in its entirety and directed the ‘Resolution Professional’ to re-examine the claim on the basis of the accounts and evidence of Operational Creditors and if the evidences corroborated the claim, the same should also be taken into account while finalising the total claim of Operational Creditors.
