https://www.taxtmi.com/caselaws?id=434385 The Tribunal affirmed the Interim Resolution Professional's entitlement to claim fees and expenses incurred during the Corporate Insolvency Resolution Process, emphasizing the IRP's diligent efforts despite challenges. The Operational Creditor was obligated to bear these expenses as per CIRP regulations. The Tribunal scrutinized and rationalized the claimed fees, reducing them to a consolidated amount of Rs. 2,87,000/- plus GST. The IRP's compliance with statutory provisions and regulations was noted, leading to the decision that the fees were context-specific and reflective of the work done. The Operational Creditor was directed to pay the modified amount within one week. en-us Wed, 22 Feb 2023 00:00:00 +0530 Thu, 23 Feb 2023 08:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434385 The Tribunal affirmed the Interim Resolution Professional's entitlement to claim fees and expenses incurred during the Corporate Insolvency Resolution Process, emphasizing the IRP's diligent efforts despite challenges. The Operational Creditor was obligated to bear these expenses as per CIRP regulations. The Tribunal scrutinized and rationalized the claimed fees, reducing them to a consolidated amount of Rs. 2,87,000/- plus GST. The IRP's compliance with statutory provisions and regulations was noted, leading to the decision that the fees were context-specific and reflective of the work done. The Operational Creditor was directed to pay the modified amount within one week. Case-Laws Insolvency and Bankruptcy Wed, 22 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434385