Gopichand H Krishnani filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal, Cuttack Bench) which rejected I.A. No. 296/CB/2020. The appellant's claim included the market value of property Shop No. 204 at R. K. Mall and other claims. The Adjudicating Authority considered the claim and observed that the sale deed appeared to be a sham and nominal document created with ulterior motive, and that other claims were time-barred. The appellant's counsel argued that the Adjudicating Authority lacked jurisdiction to inquire about the source of funds for the property purchase. The Adjudicating Authority found that the appellant's payment was not reflected in the Corporate Debtor's account books, leading to an adverse inference. The

Gopichand H Krishnani filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal, Cuttack Bench) which rejected I.A. No. 296/CB/2020. The appellant's claim included the market value of property Shop No. 204 at R. K. Mall and other claims. The Adjudicating Authority considered the claim and observed that the sale deed appeared to be a sham and nominal document created with ulterior motive, and that other claims were time-barred. The appellant's counsel argued that the Adjudicating Authority lacked jurisdiction to inquire about the source of funds for the property purchase. The Adjudicating Authority found that the appellant's payment was not reflected in the Corporate Debtor's account books, leading to an adverse inference. The