https://www.taxtmi.com/caselaws?id=296166 The Tribunal directed the Financial Creditor (FC) to bear the Corporate Insolvency Resolution Process (CIRP) costs, excluding the Interim Resolution Professional's (IRP) fees. The IRP was instructed to detail his expenses and compliance with NCLAT's directions. The FC was given the opportunity to provide additional submissions. The matter was adjourned for parties to submit the Supreme Court's order and clarify their stance on pursuing applications under Section 7 of the IBC. Emphasis was placed on timely resolution of insolvency cases, with the next hearing set for 07.04.2021. en-us Tue, 23 Mar 2021 00:00:00 +0530 Tue, 24 Aug 2021 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296166 The Tribunal directed the Financial Creditor (FC) to bear the Corporate Insolvency Resolution Process (CIRP) costs, excluding the Interim Resolution Professional's (IRP) fees. The IRP was instructed to detail his expenses and compliance with NCLAT's directions. The FC was given the opportunity to provide additional submissions. The matter was adjourned for parties to submit the Supreme Court's order and clarify their stance on pursuing applications under Section 7 of the IBC. Emphasis was placed on timely resolution of insolvency cases, with the next hearing set for 07.04.2021. Case-Laws Insolvency and Bankruptcy Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296166