https://www.taxtmi.com/caselaws?id=420070 The court allowed the Applicants' petition under Section 60(5) of the IBC, directing the Resolution Professional (RP) to pay the total due amount of &8377; 76,56,448 for services rendered. Despite the RP's financial constraints and challenges due to lockdown and lack of communication, the court held that the RP should pay the salaries as it falls within the CIRP costs provision. The RP's efforts to address irregularities and communicate with the Committee of Creditors were noted, ultimately resulting in the approval of salary/wage payments based on the provision for workmen's salaries in the CIRP costs. en-us Mon, 14 Mar 2022 00:00:00 +0530 Sat, 26 Mar 2022 08:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420070 The court allowed the Applicants' petition under Section 60(5) of the IBC, directing the Resolution Professional (RP) to pay the total due amount of &8377; 76,56,448 for services rendered. Despite the RP's financial constraints and challenges due to lockdown and lack of communication, the court held that the RP should pay the salaries as it falls within the CIRP costs provision. The RP's efforts to address irregularities and communicate with the Committee of Creditors were noted, ultimately resulting in the approval of salary/wage payments based on the provision for workmen's salaries in the CIRP costs. Case-Laws Insolvency and Bankruptcy Mon, 14 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420070