https://www.taxtmi.com/article/detailed?id=12566 The core dispute concerned whether the Interim Resolution Professional's claimed fees and CIRP expenses were reasonable and proportionate to the documented work performed, and whether regulatory provisions relied upon were applicable. The Tribunal, after reviewing CoC minutes and the IRP's detailed activity list, found the IRP had undertaken requisite CIRP steps and that creditor indecision delayed the process; the IRP's voluntary fee reduction and curtailed expenses supported the reasonableness of the quantum approved by the Adjudicating Authority. en-us Sat, 27 Apr 2024 09:55:04 +0530 Sat, 27 Apr 2024 09:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12566 The core dispute concerned whether the Interim Resolution Professional's claimed fees and CIRP expenses were reasonable and proportionate to the documented work performed, and whether regulatory provisions relied upon were applicable. The Tribunal, after reviewing CoC minutes and the IRP's detailed activity list, found the IRP had undertaken requisite CIRP steps and that creditor indecision delayed the process; the IRP's voluntary fee reduction and curtailed expenses supported the reasonableness of the quantum approved by the Adjudicating Authority. Articles Corporate Laws / IBC / SEBI Sat, 27 Apr 2024 09:55:04 +0530 https://www.taxtmi.com/article/detailed?id=12566