https://www.taxtmi.com/caselaws?id=297262 The Appellate Tribunal set aside the order of admission under Section 7 of the I&B Code, directing the Adjudicating Authority to determine the fee and cost of the Corporate Insolvency Resolution Process to be borne by the Financial Creditor. The Tribunal upheld the dismissal of the application under Section 7, emphasizing that costs incurred by the Resolution Professional were to be decided and paid by the Financial Creditor. Additionally, the Tribunal dismissed the appeal regarding further costs claimed by the Registered Valuer, citing lack of merit in the application before the Adjudicating Authority. en-us Tue, 13 Oct 2020 00:00:00 +0530 Wed, 25 Aug 2021 09:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297262 The Appellate Tribunal set aside the order of admission under Section 7 of the I&B Code, directing the Adjudicating Authority to determine the fee and cost of the Corporate Insolvency Resolution Process to be borne by the Financial Creditor. The Tribunal upheld the dismissal of the application under Section 7, emphasizing that costs incurred by the Resolution Professional were to be decided and paid by the Financial Creditor. Additionally, the Tribunal dismissed the appeal regarding further costs claimed by the Registered Valuer, citing lack of merit in the application before the Adjudicating Authority. Case-Laws Insolvency and Bankruptcy Tue, 13 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297262