The case involves a dispute over the fees and expenses claimed by the Ex-Interim Resolution Professional (IRP). The Applicant, who is the Ex-IRP, has claimed his fee. The Ld. Counsel for the Applicant and the Ld. Counsel for the Committee of Creditors (CoC) were heard.
Worldwide Metals Pvt. Ltd. filed an application/petition against J.P. Engineers Pvt Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Ex-IRP has claimed his fees, leading to a dispute. The court heard the counsels for the Applicant and the CoC. The core issue revolves around the determination and fixation of the Ex-IRP's fees and expenses. The court decided to refer the matter to the IBBI for examination and recommendations.
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Order delivere…
The matter is…
The case involves a dispute over the fees and expenses claimed by the Ex-Interim Resolution Professional (IRP). The Applicant, who is the Ex-IRP, has claimed his fee. The Ld. Counsel for the Applicant and the Ld. Counsel for the Committee of Creditors (CoC) were heard.
Worldwide Metals Pvt. Ltd. filed an application/petition against J.P. Engineers Pvt Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Ex-IRP has claimed his fees, leading to a dispute. The court heard the counsels for the Applicant and the CoC. The core issue revolves around the determination and fixation of the Ex-IRP's fees and expenses. The court decided to refer the matter to the IBBI for examination and recommendations.
Order delivere…
The matter is…