https://www.taxtmi.com/caselaws?id=784515 Fees payable to the erstwhile resolution professional were held to constitute CIRP costs under s. 5(13)(a)-(b) IBC, and their payment must follow regs. 34 and 34B of the CIRP Regulations. Reg. 34B(5) mandates that such fees be paid only from specified sources, namely funds available with the corporate debtor, contributions by the applicant or CoC members, or interim finance; accordingly, the AA's direction on the permissible mode of payment was upheld. In light of the successful resolution applicant depositing the quantified CIRP cost amount with the NCLAT Registrar, the contempt/non-payment grievance was treated as infructuous, and the appeal was disposed of with liberty to move the AA if any grievance survives later. en-us Thu, 04 Sep 2025 00:00:00 +0530 Wed, 07 Jan 2026 08:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784515 Fees payable to the erstwhile resolution professional were held to constitute CIRP costs under s. 5(13)(a)-(b) IBC, and their payment must follow regs. 34 and 34B of the CIRP Regulations. Reg. 34B(5) mandates that such fees be paid only from specified sources, namely funds available with the corporate debtor, contributions by the applicant or CoC members, or interim finance; accordingly, the AA's direction on the permissible mode of payment was upheld. In light of the successful resolution applicant depositing the quantified CIRP cost amount with the NCLAT Registrar, the contempt/non-payment grievance was treated as infructuous, and the appeal was disposed of with liberty to move the AA if any grievance survives later. Case-Laws IBC Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784515