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Appellant Seeks Detailed Disclosure of Insolvency Resolution Costs; Committee of Creditors Holds Authority to Approve or Reject Costs.
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....Seeking direction to RP to disclose item wise insolvency resolution process costs - The Appellant asked Resolution Professional to disclose item wise insolvency resolution process costs in such manner as required by the Board (IBBI). Question of cost and its approval lays in the domain of the CoC. The CoC may ratify, modify or set aside the cost claimed. - AT....