https://www.taxtmi.com/caselaws?id=771910 Where sufficient funds existed to satisfy admitted creditor claims, the appellate authority treated refusal to accept a full settlement as an unjustified use of the insolvency framework and upheld termination of the corporate insolvency resolution process. It also held that fees could not be charged for the period when the process stood stayed, and accepted the reduction and refund of excess remuneration as corrective measures where continuing costs had become disproportionate to the claims. The appeals were dismissed and the order regulating the resolution professional's remuneration was sustained. en-us Fri, 16 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 08:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771910 Where sufficient funds existed to satisfy admitted creditor claims, the appellate authority treated refusal to accept a full settlement as an unjustified use of the insolvency framework and upheld termination of the corporate insolvency resolution process. It also held that fees could not be charged for the period when the process stood stayed, and accepted the reduction and refund of excess remuneration as corrective measures where continuing costs had become disproportionate to the claims. The appeals were dismissed and the order regulating the resolution professional's remuneration was sustained. Case-Laws IBC Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771910