https://www.taxtmi.com/caselaws?id=792036 Professional fees of an Interim Resolution Professional during a judicially restricted CIRP must be assessed by reference to the actual functions performed. Where constitution of the Committee of Creditors and further insolvency steps were stayed, only limited duties such as collation and verification of claims could proceed, so Regulation 34B and Schedule II did not create an automatic entitlement to full remuneration. A reduced pro rata fee, fixed by the Adjudicating Authority on the basis of curtailed work and verified expenses, was treated as a reasonable fee determination. The claim for full monthly remuneration was therefore rejected. en-us Tue, 19 May 2026 00:00:00 +0530 Fri, 22 May 2026 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792036 Professional fees of an Interim Resolution Professional during a judicially restricted CIRP must be assessed by reference to the actual functions performed. Where constitution of the Committee of Creditors and further insolvency steps were stayed, only limited duties such as collation and verification of claims could proceed, so Regulation 34B and Schedule II did not create an automatic entitlement to full remuneration. A reduced pro rata fee, fixed by the Adjudicating Authority on the basis of curtailed work and verified expenses, was treated as a reasonable fee determination. The claim for full monthly remuneration was therefore rejected. Case-Laws IBC Tue, 19 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792036