https://www.taxtmi.com/caselaws?id=763305 The NCLAT Chennai held that an IRP is entitled to fees of Rs.4,00,000/- for each 30-day period served, not just a one-time payment. The tribunal calculated that the IRP worked 53 additional days beyond the initial 30-day period until replacement by a new RP on 27.11.2020. Applying proportional calculation, the IRP was awarded Rs.6,49,290/- for the extended period at the rate of Rs.4,00,000/- per 30 days, payable within 30 days. Appeal allowed in part. en-us Mon, 16 Dec 2024 00:00:00 +0530 Wed, 18 Dec 2024 08:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763305 The NCLAT Chennai held that an IRP is entitled to fees of Rs.4,00,000/- for each 30-day period served, not just a one-time payment. The tribunal calculated that the IRP worked 53 additional days beyond the initial 30-day period until replacement by a new RP on 27.11.2020. Applying proportional calculation, the IRP was awarded Rs.6,49,290/- for the extended period at the rate of Rs.4,00,000/- per 30 days, payable within 30 days. Appeal allowed in part. Case-Laws IBC Mon, 16 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763305