2024 (2) TMI 1092

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....r R-1.Mr. Rachit Mittal, Mr. Parish Mishra, Ms. Ritika Dawali, Mr. Adarsh Srivastava, Advocates for RP. Mr. Rajiv Dewan and Mr. Manoj Kumar, Advocates for R-4. ORDER ( Hybrid Mode ) This appeal has been filed against the order dated 24.04.2023 passed by the Adjudicating Authority by which order the Adjudicating Authority has allowed the application I.A. No.5662 of 2023 filed by Daiichi Sankyo Company Ltd. and the order admitting CIRP was set aside. 2. The CIRP commenced against the Corporate Debtor by order dated 16.12.2022. The order admitting CIRP was challenged by M/s Daiichi Sankyo Company Ltd. in Company Appeal (AT) (Ins.) No. 279 of 2023, which was entertained and interim order was passed that in the CIRP no final decision....

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....cial Creditor M/S Axis Trustee Ltd., we order (a) imposition of cost of Rs. 50,000/- (Fifty Thousand) only to be paid by the Petitioner M/s Axis Trustee Ltd. to the Prime Minister's Relief Fund within 15 days of this order; and (b) direct that the entire CIRP cost and legitimate expenses of IRP/RP (who, in IB-605/2022, being the Section 7 petition, was appointed on the recommendation of the Financial Creditor) shall be borne by the Petitioner M/s Axis Trustee Ltd." 7. In so far as imposition of cost of Rs.50,000 is concerned, the Appellant has already deposited the said amount. The said direction is maintained. 8. Coming to the second part of the direction, it is submitted that the Resolution Professional has claimed total cost of....