NCLAT Directs RP to Admit Allottees’ Claims Over Unrecorded Payments to Ex-Directors

Arun Kapoor (Resolution Professional of Monarch Brookefields LLP) Vs Shankar W Sawant & Anr. (NCLAT Delhi) Introduction: The case of “Arun Kapoor Vs Shankar W Sawant & Anr.” at NCLAT Delhi revolves around a dispute involving payments made by allottees to ex-directors that were not reflected in the records of the Corporate Debtor (CD). The Resolution Professional (RP) under Liquidation is directed to admit these claims, with the National Company Law Appellate Tribunal (NCLAT) dismissing the appeal against this decision. Analysis: The case emphasizes the complexity and import...