Claim Verification Team - Elixir Strategic Management
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Claim Verification Team

Services

The Claim Verification Team is responsible for ensuring the integrity and accuracy of claims submitted during the Corporate Insolvency Resolution Process (CIRP). This team manages the collection, verification, and categorization of claims from various creditors, including financial, operational, and statutory creditors. They maintain organized records and provide continuous support throughout the claim acceptance period. Their role is crucial for the smooth progression of insolvency and liquidation processes, ensuring that all stakeholders are fairly considered.

Key Responsibilities:

  • Issue Public Notices: Invite claims from financial creditors, operational creditors, workmen, employees, and statutory dues.
  • Receive and Collate Claims: Gather claims and ensure thorough verification during CIRP.
  • Verification Process: Confirm claim details, security interests, and categorization (secured or unsecured), and review inter-creditor arrangements.
  • Committee of Creditors: Establish the committee and file reports to the Adjudicating Authority.
  • Record Keeping: Ensure proper physical and digital documentation for easy retrieval.
  • Continual Verification: Receive and verify claims throughout the claim acceptance period.
  • Liquidation and Bankruptcy: Extend services to liquidation processes and bankruptcy cases involving individuals, proprietorships, and partnerships.