https://www.taxtmi.com/caselaws?id=777288 NCLAT allowed the appeal and set aside the impugned order (no order as to costs). The Tribunal held the RP could not compel the Appellant to contribute CIRP costs absent proper interim finance approval by a 66% CoC vote under s.28; Regulation 34(B) permits only RP fees to be paid from available CD funds or via approved interim finance. The Appellant's 39.4% negative vote defeated the resolution to raise interim finance, so the prior order requiring proportionate contribution was a legal error and was overturned. en-us Mon, 04 Aug 2025 00:00:00 +0530 Wed, 27 Aug 2025 15:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777288 NCLAT allowed the appeal and set aside the impugned order (no order as to costs). The Tribunal held the RP could not compel the Appellant to contribute CIRP costs absent proper interim finance approval by a 66% CoC vote under s.28; Regulation 34(B) permits only RP fees to be paid from available CD funds or via approved interim finance. The Appellant's 39.4% negative vote defeated the resolution to raise interim finance, so the prior order requiring proportionate contribution was a legal error and was overturned. Case-Laws IBC Mon, 04 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777288