https://www.taxtmi.com/caselaws?id=374636 The Tribunal set aside the order passed by the Adjudicating Authority, directing the Interim Resolution Professional (IRP) to refund a portion of the amount received from the corporate debtor. The Tribunal found that the direction to refund was unjustified due to the expenses incurred by the IRP and the amount already paid by the corporate debtor. The Tribunal allowed the appeal without imposing any costs, emphasizing the discrepancy in the refund direction and the payments made by the corporate debtor. en-us Thu, 06 Dec 2018 00:00:00 +0530 Wed, 06 Feb 2019 07:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374636 The Tribunal set aside the order passed by the Adjudicating Authority, directing the Interim Resolution Professional (IRP) to refund a portion of the amount received from the corporate debtor. The Tribunal found that the direction to refund was unjustified due to the expenses incurred by the IRP and the amount already paid by the corporate debtor. The Tribunal allowed the appeal without imposing any costs, emphasizing the discrepancy in the refund direction and the payments made by the corporate debtor. Case-Laws Insolvency and Bankruptcy Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374636