https://www.taxtmi.com/highlights?id=76817 Fixation of IRP fees - lack of earnestness and proficiency on the part of the IRP - The Appellate Tribunal finds that the IRP's fees were initially quoted at a higher amount but were subsequently reduced by 50% to align with regulatory provisions. - While acknowledging delays in the CIRP process, the Tribunal attributes some of the responsibility to the Appellant for not showing optimal interest and decisiveness in furthering the process. It cites instances where the Appellant deferred decisions, contributing to the delay. - Ultimately, the Tribunal upheld the Adjudicating Authority's decision and directed the Appellant to pay the IRP's fees and CIRP expenses. en-us Tue, 23 Apr 2024 11:18:22 +0530 Tue, 23 Apr 2024 11:18:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76817 Fixation of IRP fees - lack of earnestness and proficiency on the part of the IRP - The Appellate Tribunal finds that the IRP's fees were initially quoted at a higher amount but were subsequently reduced by 50% to align with regulatory provisions. - While acknowledging delays in the CIRP process, the Tribunal attributes some of the responsibility to the Appellant for not showing optimal interest and decisiveness in furthering the process. It cites instances where the Appellant deferred decisions, contributing to the delay. - Ultimately, the Tribunal upheld the Adjudicating Authority's decision and directed the Appellant to pay the IRP's fees and CIRP expenses. Highlights Insolvency and Bankruptcy Tue, 23 Apr 2024 11:18:22 +0530 https://www.taxtmi.com/highlights?id=76817