https://www.taxtmi.com/caselaws?id=754977 The Appellate Tribunal upheld the Adjudicating Authority's determination of the Resolution Professional's (RP) fees at Rs. 1,00,000 per month and approved Corporate Insolvency Resolution Process (CIRP) expenses of Rs. 2,41,512. A specific expense of Rs. 3,01,427 was set aside. The Financial Creditor was directed to pay Rs. 7,30,000 plus Rs. 2,41,512 to the RP within four weeks, minus any amount already paid. The appeal was disposed of, affirming the Financial Creditor's liability to pay the determined fees and expenses in compliance with the Appellate Tribunal's order. en-us Tue, 02 Jul 2024 00:00:00 +0530 Wed, 03 Jul 2024 20:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754977 The Appellate Tribunal upheld the Adjudicating Authority's determination of the Resolution Professional's (RP) fees at Rs. 1,00,000 per month and approved Corporate Insolvency Resolution Process (CIRP) expenses of Rs. 2,41,512. A specific expense of Rs. 3,01,427 was set aside. The Financial Creditor was directed to pay Rs. 7,30,000 plus Rs. 2,41,512 to the RP within four weeks, minus any amount already paid. The appeal was disposed of, affirming the Financial Creditor's liability to pay the determined fees and expenses in compliance with the Appellate Tribunal's order. Case-Laws Insolvency and Bankruptcy Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754977