https://www.taxtmi.com/caselaws?id=399710 The court held that both members of the Committee of Creditors (CoC), Kotak Resources and ARCIL, are equally responsible for reimbursing the Corporate Insolvency Resolution Process (CIRP) costs to the Resolution Professional (RP). The judgment directed both parties to reimburse the costs in equal proportion within 15 days, thereby disposing of the Instant Application (IA) seeking reimbursement of CIRP costs. en-us Mon, 24 Feb 2020 00:00:00 +0530 Sat, 17 Oct 2020 12:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399710 The court held that both members of the Committee of Creditors (CoC), Kotak Resources and ARCIL, are equally responsible for reimbursing the Corporate Insolvency Resolution Process (CIRP) costs to the Resolution Professional (RP). The judgment directed both parties to reimburse the costs in equal proportion within 15 days, thereby disposing of the Instant Application (IA) seeking reimbursement of CIRP costs. Case-Laws Insolvency and Bankruptcy Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399710