The case involves a claim by the Resolution Professional (R.P), Mr. Anand Ramachandra Bhat, for expenses incurred during certain activities. The Hon'ble NCLAT had previously set aside the entire proceedings vide its order dated 08/03/2018. The R.P approached the Tribunal seeking direction to the Corporate Debtor to pay the claimed amount of Rs 1,38,72,101/-. The CoC's decision was sought regarding the fees claimed by the Interim Resolution Professional (IRP). Shri Savan Godiawala, R.P appointed in another case, filed a reply stating that the CoC was not fully convinced that the expenses claimed by Mr. Bhat were approved by the previous CoC during the previous CIRP, and that the Corporate Debtor lacks funds to satisfy the claim.
The Resolution Professional (R.P), Mr. Anand Ramachandra Bhat, claimed Rs 1,38,72,101/- for expenses incurred during certain activities. The Hon'ble NCLAT had set aside the entire proceedings vide its order dated 08/03/2018. The R.P approached the Tribunal seeking direction to the Corporate Debtor to pay the claimed amount. Shri Savan Godiawala, R.P appointed in another case, filed a reply stating that the CoC was not fully convinced that the expenses claimed by Mr. Bhat were approved by the previous CoC during the previous CIRP. The Corporate Debtor lacks funds to satisfy the claim. The CoC has not authorized any payments to Mr. Bhat.
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Tribunal iss…
Hon'ble NCLAT s…
The case involves a claim by the Resolution Professional (R.P), Mr. Anand Ramachandra Bhat, for expenses incurred during certain activities. The Hon'ble NCLAT had previously set aside the entire proceedings vide its order dated 08/03/2018. The R.P approached the Tribunal seeking direction to the Corporate Debtor to pay the claimed amount of Rs 1,38,72,101/-. The CoC's decision was sought regarding the fees claimed by the Interim Resolution Professional (IRP). Shri Savan Godiawala, R.P appointed in another case, filed a reply stating that the CoC was not fully convinced that the expenses claimed by Mr. Bhat were approved by the previous CoC during the previous CIRP, and that the Corporate Debtor lacks funds to satisfy the claim.
The Resolution Professional (R.P), Mr. Anand Ramachandra Bhat, claimed Rs 1,38,72,101/- for expenses incurred during certain activities. The Hon'ble NCLAT had set aside the entire proceedings vide its order dated 08/03/2018. The R.P approached the Tribunal seeking direction to the Corporate Debtor to pay the claimed amount. Shri Savan Godiawala, R.P appointed in another case, filed a reply stating that the CoC was not fully convinced that the expenses claimed by Mr. Bhat were approved by the previous CoC during the previous CIRP. The Corporate Debtor lacks funds to satisfy the claim. The CoC has not authorized any payments to Mr. Bhat.
Tribunal iss…
Hon'ble NCLAT s…