The case involves a Company Appeal preferred by Canara Bank, the sole Financial Creditor, against the Corporate Debtor, S.V.K. Shipping Services Pvt. Ltd. The dispute concerns the professional fees claimed by Mr. Kantipudi Venkata Raju, the Erstwhile Interim Resolution Professional (IRP).
Canara Bank, the sole Financial Creditor, filed a Company Appeal against the Corporate Debtor, S.V.K. Shipping Services Pvt. Ltd.
Mr. Kantipudi Venkata Raju served as the Erstwhile Interim Resolution Professional (IRP) for S.V.K. Shipping Services Pvt. Ltd.
Mr. Kantipudi Venkata Raju claimed Rs.9,05,058/- as fees and expenses incurred during his tenure as IRP.
The Adjudicating Authority ordered that Mr. Kantipudi Venkata Raju be paid Rs.9,05,058/- by the CoC.
Canara Bank argued that the IRP's fee was not ratified by the CoC as required by IBBI Regulations.
The 1st CoC meeting was held on 09.06.2022, and the 2nd CoC meeting was held on 13.07.2022.
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Corporate Debtor was admitted to the CIRP…
The 1st CoC meeting was held on 09.06.2022,…
The case involves a Company Appeal preferred by Canara Bank, the sole Financial Creditor, against the Corporate Debtor, S.V.K. Shipping Services Pvt. Ltd. The dispute concerns the professional fees claimed by Mr. Kantipudi Venkata Raju, the Erstwhile Interim Resolution Professional (IRP).
Canara Bank, the sole Financial Creditor, filed a Company Appeal against the Corporate Debtor, S.V.K. Shipping Services Pvt. Ltd.
Mr. Kantipudi Venkata Raju served as the Erstwhile Interim Resolution Professional (IRP) for S.V.K. Shipping Services Pvt. Ltd.
Mr. Kantipudi Venkata Raju claimed Rs.9,05,058/- as fees and expenses incurred during his tenure as IRP.
The Adjudicating Authority ordered that Mr. Kantipudi Venkata Raju be paid Rs.9,05,058/- by the CoC.
Canara Bank argued that the IRP's fee was not ratified by the CoC as required by IBBI Regulations.
The 1st CoC meeting was held on 09.06.2022, and the 2nd CoC meeting was held on 13.07.2022.
…Corporate Debtor was admitted to the CIRP…
The 1st CoC meeting was held on 09.06.2022,…