https://www.taxtmi.com/caselaws?id=778193 NCLAT affirmed the AA's finding that the interim resolution professional (IRP) withdrew fees without CoC ratification, rendering withdrawals unauthorized under IBC and CIRP Regulations. The Court upheld the AA's direction to refund Rs. 12,46,248 to the corporate debtor by 10.10.2025. The replacement of the IRP by the CoC (subsequently approved by the AA) was held valid and non-reviewable; the resolution professional's loss of CoC's trust justified replacement. The Monitoring Committee may delegate post-plan enforcement to the erstwhile RP where authorized. Appeal dismissed. en-us Tue, 09 Sep 2025 00:00:00 +0530 Fri, 12 Sep 2025 08:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778193 NCLAT affirmed the AA's finding that the interim resolution professional (IRP) withdrew fees without CoC ratification, rendering withdrawals unauthorized under IBC and CIRP Regulations. The Court upheld the AA's direction to refund Rs. 12,46,248 to the corporate debtor by 10.10.2025. The replacement of the IRP by the CoC (subsequently approved by the AA) was held valid and non-reviewable; the resolution professional's loss of CoC's trust justified replacement. The Monitoring Committee may delegate post-plan enforcement to the erstwhile RP where authorized. Appeal dismissed. Case-Laws IBC Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778193