Once a claim is admitted and submitted by Liquidator to Adjudicating Authority, he shall have no jurisdiction to reject or make any modification in the claims – Vijay Kumar Gupta Vs. Canara Bank – NCLAT New Delhi
NCLAT held that there is no quarrel with the scheme provided under Section 38 to 42 of the Code about consolidation of claims, verification, rejection of claims and the appeal against the decision of the Liquidator but once the claim is admitted and submitted by the Liquidator to the Adjudicating Authority, if he receives any information, then he shall have no jurisdiction to reject or make any modification in the claims which has already been admitted in terms of Section 40 of the Code and has to approach the Adjudicating Authority for the purpose of its modification which precisely has been done in the present case by the Liquidator.
