https://www.taxtmi.com/caselaws?id=301059 The Tribunal dismissed the Interim Resolution Professional's application for remuneration and expenses related to a Corporate Insolvency Resolution Process due to lack of approval for fees and expenses from the Committee of Creditors. The request for an investigation into the respondent's financial activities and the plea for imposing exemplary costs were also dismissed for lacking merit. The Tribunal emphasized the necessity of compliance with legal procedures and approvals in insolvency proceedings for transparency and accountability, highlighting the importance of following due process in such matters. en-us Tue, 23 Nov 2021 00:00:00 +0530 Thu, 10 Mar 2022 08:16:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301059 The Tribunal dismissed the Interim Resolution Professional's application for remuneration and expenses related to a Corporate Insolvency Resolution Process due to lack of approval for fees and expenses from the Committee of Creditors. The request for an investigation into the respondent's financial activities and the plea for imposing exemplary costs were also dismissed for lacking merit. The Tribunal emphasized the necessity of compliance with legal procedures and approvals in insolvency proceedings for transparency and accountability, highlighting the importance of following due process in such matters. Case-Laws Insolvency and Bankruptcy Tue, 23 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301059