https://www.taxtmi.com/caselaws?id=435510 The Court found the demand of transfer fee unsustainable under the resolution plan, directing the respondent to refund the amount. The challenge to the refund direction was dismissed based on the exemption clause in the plan. The Court ruled in favor of the writ petitioner, granting interest at 8% on the deposited amount from the date of deposit till refund. The judgment clarified the exemption of transfer charges under the plan, upheld the refund direction, and recognized the entitlement to interest on the refunded amount. The Court modified the order for payment of interest and directed refund within six weeks. en-us Mon, 20 Mar 2023 00:00:00 +0530 Wed, 22 Mar 2023 08:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435510 The Court found the demand of transfer fee unsustainable under the resolution plan, directing the respondent to refund the amount. The challenge to the refund direction was dismissed based on the exemption clause in the plan. The Court ruled in favor of the writ petitioner, granting interest at 8% on the deposited amount from the date of deposit till refund. The judgment clarified the exemption of transfer charges under the plan, upheld the refund direction, and recognized the entitlement to interest on the refunded amount. The Court modified the order for payment of interest and directed refund within six weeks. Case-Laws Insolvency and Bankruptcy Mon, 20 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435510