International Asset Reconstruction Company Pvt. Ltd., a financial creditor, filed an appeal against the Adjudicating Authority's decision to admit a claim filed by the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI). The claim was admitted after the Committee of Creditors had already approved the resolution plan. The appellant argued that the Adjudicating Authority should not have admitted the claim. The Administrator of SUUTI represents a number of investors. The court considered Section 60(5) of the Insolvency & Bankruptcy Code, 2016, to determine whether the Adjudicating Authority had the jurisdiction to entertain the claim.

International Asset Reconstruction Company Pvt. Ltd., a financial creditor, filed an appeal against the Adjudicating Authority's decision to admit a claim filed by the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI). The claim was admitted after the Committee of Creditors had already approved the resolution plan. The appellant argued that the Adjudicating Authority should not have admitted the claim. The Administrator of SUUTI represents a number of investors. The court considered Section 60(5) of the Insolvency & Bankruptcy Code, 2016, to determine whether the Adjudicating Authority had the jurisdiction to entertain the claim.