https://www.taxtmi.com/caselaws?id=308621 The Tribunal partly allowed the appeal, directing the Resolution Professional not to deduct Rs. 34 crores from the final payment to the Appellant, considering it as Corporate Insolvency Resolution Process (CIRP) costs. The Tribunal emphasized that payments to vendors during CIRP were essential to maintain the Corporate Debtor as a going concern and should be classified as CIRP costs. en-us Thu, 27 Jan 2022 00:00:00 +0530 Mon, 10 Jul 2023 07:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308621 The Tribunal partly allowed the appeal, directing the Resolution Professional not to deduct Rs. 34 crores from the final payment to the Appellant, considering it as Corporate Insolvency Resolution Process (CIRP) costs. The Tribunal emphasized that payments to vendors during CIRP were essential to maintain the Corporate Debtor as a going concern and should be classified as CIRP costs. Case-Laws Insolvency and Bankruptcy Thu, 27 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308621