https://www.taxtmi.com/caselaws?id=429741 The Tribunal upheld the Adjudicating Authority's decision directing the Appellant to pay Rs. 15,00,000/- as fees to the Resolution Professional in a Corporate Insolvency Resolution Process (CIRP). The CoC approved the Resolution Professional's fees at Rs. 2.50 lacs per month with a maximum of Rs. 15 lacs. The judgment emphasized honoring CoC decisions, ensuring fair compensation for professionals in insolvency proceedings, and highlighted the legal significance of fee payments in CIRP. The Tribunal's ruling reinforced the importance of complying with fee obligations and upholding CoC decisions in insolvency processes. en-us Thu, 03 Nov 2022 00:00:00 +0530 Fri, 04 Nov 2022 08:51:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429741 The Tribunal upheld the Adjudicating Authority's decision directing the Appellant to pay Rs. 15,00,000/- as fees to the Resolution Professional in a Corporate Insolvency Resolution Process (CIRP). The CoC approved the Resolution Professional's fees at Rs. 2.50 lacs per month with a maximum of Rs. 15 lacs. The judgment emphasized honoring CoC decisions, ensuring fair compensation for professionals in insolvency proceedings, and highlighted the legal significance of fee payments in CIRP. The Tribunal's ruling reinforced the importance of complying with fee obligations and upholding CoC decisions in insolvency processes. Case-Laws Insolvency and Bankruptcy Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429741