The team dedicated for claim verification is in charge of following work:
- To issue Public Notice for inviting Claims.(As a best practice , we write Mails/Letters to all the creditors , including statutory authorities to submit claims)
- To call for claims of financial creditors, operational creditors, workmen and employees, claims for statutory dues, etc
- To collate claims and verify to the extent it is required during Corporate Insolvency Resolution Process; seek further follow up for the purpose of verification
- To collate, verify and admit or reject claims with regards to category (secured or unsecured), priority u/s 53, determination and verification of security interest, inter-creditor arrangement over security interest, etc.
- To constitute the Committee of Creditors and file a requisite report to Adjudicating Authority.
- To assure physical and digital record keeping of claim documents to assure faster and correct retrieval as and when required.
All the above jobs are also done for liquidation process for the Insolvency Professional of DRPPL appointed as liquidator in any matter. Similar services would also be provided in the case of Insolvency Resolution Process and Bankruptcy Process of Individuals, Proprietorship Concerns and Partnership Firms.