IBC, Section 18, 60 – Resolution Pro-fessional does not enjoy the adjudicatory functions

IBC, Section 18, 60 – Resolution Professional does not enjoy the adjudicatory functions  – As per Section 18 of the IB Code, one of the duties of Interim Resolution Professional is to receive and collate all the claims submitted by the creditors to him –  Similarly, the Regulations empowers the Resolution Professional to call for such other evidence or clarification as he deems fit from the creditors for substantiating the whole or part of the claim – Regulation 12, sub-regulation (3) uses the expression ‘submission of proof of claims’ –  Resolution Professional has to thus receive and collate all the claims, call for such other evidence, ask for any information from the creditors to substantiate their claims –  Regulation 13(b) provides for ‘verification of claims’ –  The above duties and functions are administrative in nature while accepting, collating and verifying the claim, the Resolution Professional is to be prima-facie satisfied that claim, which is submitted by a creditor is made out from the documents submitted –  The Resolution Professional does not enjoy the adjudicatory functions – The Adjudicating Authority has complete jurisdiction to adjudicate on the claim, which was filed against the Corporate Debtor.

read HERE Ome Prakash Verma (Suspended Direc-tor of Neesa Leisure Limited) v. Amit Jain, (RP of Neesa Leisure Limited) , 2022 SCeJ 023 (NCLAT)