https://www.taxtmi.com/caselaws?id=421997 The Tribunal dismissed the appeal filed by the Interim Resolution Professional (IRP) against the Adjudicating Authority's decision allowing the withdrawal of the petition by the Operational Creditor. The Tribunal upheld the Authority's direction for additional fee payment to the IRP, finding it reasonable based on the circumstances and the IRP's involvement. It emphasized that insolvency proceedings are not solely about the IRP's fees but are consequential to the main proceedings, ultimately affirming the Authority's decision on fee payment and case handling. en-us Wed, 04 May 2022 00:00:00 +0530 Fri, 06 May 2022 08:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421997 The Tribunal dismissed the appeal filed by the Interim Resolution Professional (IRP) against the Adjudicating Authority's decision allowing the withdrawal of the petition by the Operational Creditor. The Tribunal upheld the Authority's direction for additional fee payment to the IRP, finding it reasonable based on the circumstances and the IRP's involvement. It emphasized that insolvency proceedings are not solely about the IRP's fees but are consequential to the main proceedings, ultimately affirming the Authority's decision on fee payment and case handling. Case-Laws Insolvency and Bankruptcy Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421997