Undecided claims are those claims which were contingent due to their being pending before a court or an arbitral tribunal at the time of passing of the resolution plan.
2022 crucial decisions by NCLTs and landmark precedents by Supreme Court on inter alia treatment of contingent claims scope and extent of review by NCLTs status of personal guarantors under the Code attachment of assets of the corporate debtor post commencement of CIRP
IBC imposes moratorium on initiation or continuation of legal proceedings against corporate debtor CD for entire duration of corporate insolvency resolution process CIRP. Adjudication of disputed claims that are pending as on the date of initiation of CIRP get stalled.
This monthly column seeks to cover the landmark judgments delivered by the NCLAT and to offer a brief summary of the same in a capsule-form for the benefit of the reader.