Claim Verification Support

Once a Corporate Insolvency Resolution Process or liquidation commences under the Insolvency and Bankruptcy Code, 2016, every financial and operational creditor of the corporate debtor is required to submit its claim in the prescribed form, supported by evidence, within the timelines set by the resolution professional or liquidator. The process of receiving, scrutinising, and either admitting or rejecting these claims determines the composition of the Committee of Creditors, the voting share of each creditor, and ultimately how much each stakeholder stands to recover, making claim verification one of the most consequential and dispute-prone stages of the entire process.

Why This Matters

Errors or inconsistencies in claim verification can distort the Committee of Creditors' composition, trigger avoidable litigation before the tribunal, and delay the resolution or liquidation timeline. Since admitted claim amounts directly affect voting rights and distribution entitlements, creditors and resolution professionals alike need a rigorous, well-documented verification process that can withstand scrutiny from the tribunal and from other stakeholders who may object to the treatment of a particular claim.

How We Help

Claim Intake and Documentation Review

We assist in setting up a structured intake process for claims submitted in the prescribed forms, checking supporting documents such as financial statements, invoices, contracts, and account statements against the claimed amounts.

Reconciliation with the Debtor's Books

We reconcile submitted claims against the corporate debtor's books of account, statutory records, and other available information to identify discrepancies, disputed amounts, or unsubstantiated claims before a decision is made.

Admission, Rejection, and Communication

We support the resolution professional or liquidator in arriving at a reasoned decision to admit, partially admit, or reject each claim, and in communicating that decision to the claimant with adequate documentation to withstand later challenge.

Handling Disputes and Tribunal References

Where a creditor disputes the treatment of its claim, we help prepare the factual and documentary basis for responding to objections raised before the Committee of Creditors or the adjudicating authority.

Who Needs This

• Resolution professionals and liquidators managing large or complex creditor bases
• Financial creditors seeking accurate recognition of their claims
• Operational creditors, including trade creditors and employees, submitting claims
• Committee of Creditors members relying on accurate claim data for voting

Our Approach

We bring a methodical, evidence-based approach to claim verification, combining accounting rigour with an understanding of how claims are likely to be tested if challenged before the tribunal. Our objective is always a transparent, well-reasoned, and properly documented set of claim decisions that keeps the process moving within statutory timelines while minimising the risk of successful challenge later.

Get in Touch

To discuss how we can support you with claim verification, write to us at info@agarwalurs.com.