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Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
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NCLAT dismissed the appeal regarding liquidator's fees. The tribunal found no entitlement to fees under Regulation 4(3) of IBBI (Liquidation Process) Regulations, 2016, as sales realization of Rs. 78.47 crores was significantly less than liquidation costs of Rs. 132 crores. The liquidator's claim for Rs. 188,02,261/- was deemed not tenable, with no remaining realization for fee computation. The alternative request for reasonable compensation based on CIRP fees was also rejected. The appeal was conclusively dismissed with no fees payable to the liquidator.
NCLAT dismissed the appeal regarding liquidator's fees. The tribunal found no entitlement to fees under Regulation 4(3) of IBBI (Liquidation Process) Regulations, 2016, as sales realization of Rs. 78.47 crores was significantly less than liquidation costs of Rs. 132 crores. The liquidator's claim for Rs. 188,02,261/- was deemed not tenable, with no remaining realization for fee computation. The alternative request for reasonable compensation based on CIRP fees was also rejected. The appeal was conclusively dismissed with no fees payable to the liquidator.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4920 
