NCLT Hyderabad sets aside liquidator's decision to admit Central Bank of India's ₹184 crore claim at only ₹1 in GVK Transportation liquidation.
Tribunal directs liquidator to reconsider claim afresh within two weeks under IBC Sections 39-40 and Regulation 25.
Dispute centers on corporate guarantee liability for Bagodara-Vasad highway project debt after arbitral rejection of termination payment.
Court finds liquidator's mechanical adoption of CIRP position without proper estimation exercise violates statutory duties.