https://www.taxtmi.com/caselaws?id=441568 The appeals were dismissed, upholding the order to pay the Resolution Professional's (RP) fees from 01.09.2019 to 24.04.2022 as ratified by the Committee of Creditors (CoC). The RP's fees were reduced from Rs. 3.75 lakhs to Rs. 1 lakh per month due to inactivity during the Covid pandemic and lack of progress in the Corporate Insolvency Resolution Process. Adverse remarks on the RP's conduct, including hindering the process and prioritizing fees over completing the CIRP, were found justified. en-us Wed, 09 Aug 2023 00:00:00 +0530 Fri, 11 Aug 2023 08:15:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441568 The appeals were dismissed, upholding the order to pay the Resolution Professional's (RP) fees from 01.09.2019 to 24.04.2022 as ratified by the Committee of Creditors (CoC). The RP's fees were reduced from Rs. 3.75 lakhs to Rs. 1 lakh per month due to inactivity during the Covid pandemic and lack of progress in the Corporate Insolvency Resolution Process. Adverse remarks on the RP's conduct, including hindering the process and prioritizing fees over completing the CIRP, were found justified. Case-Laws Insolvency and Bankruptcy Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441568