The Applicant who has filed a counter claim before the Arbitral Tribunal is said to have a claim and is contingent upon adjudication by the Arbitral Tribunal and hence, such a claim is necessarily to be declared as contingent claim by the Resolution Professional in the information memorandum – Ultra Tech Cement Limited Vs. Minita D. Raja RP of Vijay Engineering Enterprises Pvt. Ltd. – NCLT Mumbai Bench

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