NCLT Rules HDFC Bank CIRP Cost Contribution Basis

NCLT Principal Bench adjudicates HDFC Bank's application regarding CIRP and liquidation cost contribution methodology in Su-Kam Power Systems liquidation.
Tribunal determines contribution must be based on debt-ratio (admitted claim proportion) not asset-ratio (realization value proportion) for secured creditors.
Separate application regarding insurance claim for damaged vehicle dismissed, with parties directed to approach appropriate forum for contractual dispute.
Liquidator directed to recompute HDFC Bank's contribution and release sale proceeds of four vehicles after deduction of costs.