https://www.taxtmi.com/article/detailed?id=11754 The dispute turns on entitlement to remuneration where the CoC ratified the Resolution Professional's monthly fee but did not effectuate his replacement, permitting the RP to continue and claim fees until demitting office. The appellate analysis found that the active Corporate Insolvency Resolution Process had stalled by August 2019, key actions like Form G publication and EoI invitations were not taken, and the RP's conduct-including alleged handover of control to suspended management-undermined his facilitator role, making a significant reduction of fees justified given the limited substantive work remaining. en-us Mon, 21 Aug 2023 10:14:32 +0530 Mon, 21 Aug 2023 10:14:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11754 The dispute turns on entitlement to remuneration where the CoC ratified the Resolution Professional's monthly fee but did not effectuate his replacement, permitting the RP to continue and claim fees until demitting office. The appellate analysis found that the active Corporate Insolvency Resolution Process had stalled by August 2019, key actions like Form G publication and EoI invitations were not taken, and the RP's conduct-including alleged handover of control to suspended management-undermined his facilitator role, making a significant reduction of fees justified given the limited substantive work remaining. Articles Corporate Laws / IBC / SEBI Mon, 21 Aug 2023 10:14:32 +0530 https://www.taxtmi.com/article/detailed?id=11754