https://www.taxtmi.com/caselaws?id=398679 A Section 9 petition under the Insolvency and Bankruptcy Code, 2016 seeking recovery of disputed professional fees was held not maintainable because the proceeding could not be used as a recovery mechanism for contested service claims, especially where the company disputed liability and asserted prior payments toward services and expenses. The authority nevertheless noted the professional's long association with the company and, in the interest of justice, issued a limited equitable direction for the corporate debtor to sympathetically consider payment of a reasonable amount for the services rendered. en-us Fri, 26 Jun 2020 00:00:00 +0530 Tue, 22 Sep 2020 09:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398679 A Section 9 petition under the Insolvency and Bankruptcy Code, 2016 seeking recovery of disputed professional fees was held not maintainable because the proceeding could not be used as a recovery mechanism for contested service claims, especially where the company disputed liability and asserted prior payments toward services and expenses. The authority nevertheless noted the professional's long association with the company and, in the interest of justice, issued a limited equitable direction for the corporate debtor to sympathetically consider payment of a reasonable amount for the services rendered. Case-Laws Insolvency and Bankruptcy Fri, 26 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398679