https://www.taxtmi.com/caselaws?id=440498 The appeal by the Resolution Professional (RP) of Yashasvi Yarns Limited challenging the rejection of his application for an incentive fee was dismissed. The Supreme Court affirmed that the Committee of Creditors (CoC) has discretionary power regarding incentive fees, and its decision not to approve the fee was upheld. The CoC's commercial decisions are generally not subject to judicial review unless they contravene specific legal requirements. In this case, the CoC's decision was deemed valid, and the RP's claim for the incentive fee was denied. en-us Fri, 14 Jul 2023 00:00:00 +0530 Thu, 20 Jul 2023 08:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440498 The appeal by the Resolution Professional (RP) of Yashasvi Yarns Limited challenging the rejection of his application for an incentive fee was dismissed. The Supreme Court affirmed that the Committee of Creditors (CoC) has discretionary power regarding incentive fees, and its decision not to approve the fee was upheld. The CoC's commercial decisions are generally not subject to judicial review unless they contravene specific legal requirements. In this case, the CoC's decision was deemed valid, and the RP's claim for the incentive fee was denied. Case-Laws Insolvency and Bankruptcy Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440498