Case Law Analysis
|National Company Law Appellate Tribunal
Section 18 IBC | Resolution Professional Can Seek Clarifications to Verify Claims but Cannot Adjudicate : NCLAT
NCLAT clarifies that Resolution Professionals under the IBC can request documentation to verify claims but lack adjudicatory powers. The ruling denies NOIDA’s claims for farmer compensation and time extension charges due to insufficient substantiation, reinforcing the limited scope of RP authority during CIRP.