Case Note & Summary
The National Company Law Appellate Tribunal (NCLAT), Chennai bench, disposed of three company appeals (Nos. 231, 233 & 235 of 2025) filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. The appeals were preferred by Mr. Naseer Ahmed, Mrs. Nuzhat Aisha Naseer, and Mr. Awaiz Ahmed against the Resolution Professional, Ravindra Beleyur, challenging the rejection of their claims in the Corporate Insolvency Resolution Process (CIRP) of a corporate debtor. The appellants contended that their claims were arbitrarily rejected without proper examination and without giving them an opportunity to substantiate the claims. The Tribunal, noting that the appeals involve common questions of fact and law, disposed of them by a common order. The NCLAT set aside the rejection of claims and remanded the matter back to the Resolution Professional for fresh consideration on merits, directing that the appellants be given a fair hearing and an opportunity to produce supporting documents. The Tribunal also directed that the Resolution Professional pass a reasoned order after considering the claims afresh.
Headnote
A) Insolvency and Bankruptcy Code - Rejection of Claims - Section 61 I&B Code, 2016 - CIRP Regulations - The appeals challenged the rejection of claims by the Resolution Professional. The Tribunal found that the claims were rejected without proper consideration and without affording the appellants sufficient opportunity to present evidence. Held that the matter requires fresh consideration on merits after giving the appellants a fair hearing. (Paras 2-5)
Issue of Consideration
Whether the rejection of claims of the appellants by the Resolution Professional was justified and whether the appellants were given adequate opportunity to substantiate their claims.
Final Decision
The appeals are disposed of. The rejection of claims is set aside. The matter is remanded to the Resolution Professional for fresh consideration on merits after giving the appellants a fair hearing and opportunity to produce supporting documents. The Resolution Professional shall pass a reasoned order.
Law Points
- Section 61 of I&B Code
- 2016
- CIRP Regulations
- Rejection of Claims
- Natural Justice
- Remand
