NCLAT says Admission of a Claim Does Not Bar Subsequent Verification

Somani Worsted’s claim of ₹18.85 crore was initially admitted in the CIRP but was later rejected after verification showed that the original ₹13.60 crore payment was made to AEZ, not the Corporate Debtor. NCLAT held that the RP was performing his statutory duty under Regulation 13 by verifying and updating claims, and that an initial admission does not prevent subsequent rejection where an independent financial debt is not established.