Appointment of New Resolution Professional Confirmed, Outstanding Fee Approved, Prompt Payment Required The National Company Law Tribunal, Ahmedabad, confirmed the appointment of Mr. Bhuvan Madan as Resolution Professional, replacing Mr. Ramchandra Dallaram ...
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Appointment of New Resolution Professional Confirmed, Outstanding Fee Approved, Prompt Payment Required
The National Company Law Tribunal, Ahmedabad, confirmed the appointment of Mr. Bhuvan Madan as Resolution Professional, replacing Mr. Ramchandra Dallaram Choudhary. The Committee of Creditors approved the outstanding professional fee of Rs. 23,60,000 for Mr. Choudhary. The new RP and Committee of Creditors were instructed to promptly pay the fee. IA 370/2018 was disposed of accordingly.
The National Company Law Tribunal, Ahmedabad, confirmed the appointment of Mr. Bhuvan Madan as Resolution Professional in place of Mr. Ramchandra Dallaram Choudhary. The outstanding professional fee of Rs. 23,60,000 for Mr. Choudhary was approved by the Committee of Creditors. The newly appointed RP and Committee of Creditors were directed to ensure prompt payment of the fee. IA 370/2018 was disposed of accordingly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
