https://www.taxtmi.com/article/detailed?id=12834 Adjudicating Authority authority to compute and determine a Resolution Professional's fee and CIRP expenses was affirmed. After an appellate direction required the RP to report fee and costs and held the financial creditor liable, the Adjudicating Authority quantified the RP's fee and approved CIRP expenses. The appellate forum upheld those determinations and directed the financial creditor to pay the net amount to the Resolution Professional within the time directed, allowing adjustment for any payments already made. en-us Thu, 01 Aug 2024 20:45:18 +0530 Thu, 01 Aug 2024 20:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12834 Adjudicating Authority authority to compute and determine a Resolution Professional's fee and CIRP expenses was affirmed. After an appellate direction required the RP to report fee and costs and held the financial creditor liable, the Adjudicating Authority quantified the RP's fee and approved CIRP expenses. The appellate forum upheld those determinations and directed the financial creditor to pay the net amount to the Resolution Professional within the time directed, allowing adjustment for any payments already made. Articles Corporate Laws / IBC / SEBI Thu, 01 Aug 2024 20:45:18 +0530 https://www.taxtmi.com/article/detailed?id=12834