https://www.taxtmi.com/caselaws?id=412639 The appeal was dismissed, upholding the Adjudicating Authority's decision to disallow the success fee for the Resolution Professional. The judgment emphasized that the success fee was not permissible under the IBC provisions and regulations. The Adjudicating Authority's jurisdiction to review the reasonableness of fees was affirmed, and it directed the distribution of the success fee amount among employees, underpaid operational creditors, and unsecured creditors of the corporate debtor. en-us Mon, 20 Sep 2021 00:00:00 +0530 Tue, 21 Sep 2021 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412639 The appeal was dismissed, upholding the Adjudicating Authority's decision to disallow the success fee for the Resolution Professional. The judgment emphasized that the success fee was not permissible under the IBC provisions and regulations. The Adjudicating Authority's jurisdiction to review the reasonableness of fees was affirmed, and it directed the distribution of the success fee amount among employees, underpaid operational creditors, and unsecured creditors of the corporate debtor. Case-Laws Insolvency and Bankruptcy Mon, 20 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412639