Devarajan Raman, the erstwhile Resolution Professional (RP) of Satra Properties (India) Ltd., filed an appeal against the order dated 02.02.2024 passed by the NCLT, Mumbai Bench-IV.

The Appellant claimed non-payment of outstanding fees amounting to Rs. 80,91,968.71.

The Appellant contended that the Respondents failed to honor an undertaking to pay his fees.

The Respondents argued that the CoC is responsible for the payment of the Appellant's fees, not individual members.

The Respondents submitted that the Appellant's claim is addressed in the approved Resolution Plan.

The Successful Resolution Applicant (SRA) has deposited Rs. 4,50,65,981/- with the Registrar, NCLAT, as directed by the Appellate Tribunal.

Devarajan Raman, the erstwhile Resolution Professional (RP) of Satra Properties (India) Ltd., filed an appeal against the order dated 02.02.2024 passed by the NCLT, Mumbai Bench-IV.

The Appellant claimed non-payment of outstanding fees amounting to Rs. 80,91,968.71.

The Appellant contended that the Respondents failed to honor an undertaking to pay his fees.

The Respondents argued that the CoC is responsible for the payment of the Appellant's fees, not individual members.

The Respondents submitted that the Appellant's claim is addressed in the approved Resolution Plan.

The Successful Resolution Applicant (SRA) has deposited Rs. 4,50,65,981/- with the Registrar, NCLAT, as directed by the Appellate Tribunal.