2022 (2) TMI 1229

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....akur, Member (Judicial) The present application is filed under Section 27(3) of Insolvency and Bankruptcy Code, 2016 for the appointment of Sh. Vijay Kumar Gupta as Resolution Professional bearing Registration No. IBBI/IIPA-001/IP-P00262/2017-18/10500 by replacing Mr. Khushvinder Singhal, the Resolution Professional. 2. It is submitted that in the aforesaid matter, Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Bestways Transport (India) Private Limited vide order C.P.(IB) No. 30/Chd/Hry/2019 dated 26.03.2021 of this Tribunal on an application filed by an operational creditor namely M/s. Pawan Cargo forwards (P) Limited under Section 9 of the Code. Mr. Khushvinder Singhal having registration No. IBBI/IPA-002/IP-....

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.... IBC Code, the current IA No.341/2021 was filed on dated 24.05.2021. 5. It is submitted by the applicant that any action taken after the filing of the present application, by the current Resolution Professional is beyond the provisions of the Code, and have been done with the sole intent to increase the cost of the Resolution process and raise his willing amount. It is submitted that the Insolvency Resolution Process cost (IRPC) submitted by the current Resolution Professional before the second CoC meeting dated 17.05.2021 has already been ratified by the CoC after scrutinizing the same. 6. It is further submitted by the applicant that the current Resolution Professional took action without getting any approval of the CoC by repeatedly ca....

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....es for the month of April(including IRP fees) 50000 23745 9955 16300 4. Web page Charges 5000 2374.5 995.5 1630 5. Printing & Stationery 10898 5175.46 2169.79 3552.75 6. Clerkage Charges 10000 4749 1991 3260 7. IBBI Filing Expenses 6557.92 3114.36 1305.68 2137.88 8. Drafting ,Filling and Pleading Expenses (Application u/s 19(2) 53100 25217 10572 17311 9. Drafting, Filing & Pleading Expenses (Forensic Application) 55000 26119 10951 17930 10. Drafting Expenses (Application against COC members) 35000 16621 6969 11410 11. Travelling Expenses 12674 6018.9 2523.4 4131.7 12. Drafting, Filing and Pleading expenses( Extension Application) 45000 21370 8960 14670 13. Drafting, filing and plea....