https://www.taxtmi.com/caselaws?id=297072 The Tribunal dismissed the application seeking payment of outstanding professional fees and expenses incurred during the Corporate Insolvency Resolution Process. The dispute over deduction of professional fees, approval of expenses by the Committee of Creditors, allegations of exceeding authority by the Insolvency Resolution Professional, and justification for deductions were considered. The Respondent's argument that the application was non-maintainable after COC dissolution and RP discharge was accepted, highlighting the importance of adherence to procedures in insolvency resolution processes. en-us Thu, 08 Oct 2020 00:00:00 +0530 Wed, 18 Aug 2021 09:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297072 The Tribunal dismissed the application seeking payment of outstanding professional fees and expenses incurred during the Corporate Insolvency Resolution Process. The dispute over deduction of professional fees, approval of expenses by the Committee of Creditors, allegations of exceeding authority by the Insolvency Resolution Professional, and justification for deductions were considered. The Respondent's argument that the application was non-maintainable after COC dissolution and RP discharge was accepted, highlighting the importance of adherence to procedures in insolvency resolution processes. Case-Laws Insolvency and Bankruptcy Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297072