Claim Verification

The process by which the Resolution Professional examines and verifies claims submitted by creditors during CIRP to determine the admitted claim amount for each creditor, which determines their voting share in the CoC.

Claim Verification is governed by the Insolvency and Bankruptcy Code, 2016 and regulated by IBBI. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.

Claim Verification is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with IBC regulatory matters in India.