M/s. Naresh Kumar & Company Pvt. Ltd. initiated a case against Kalyanpur Cements Ltd. under the Insolvency and Bankruptcy Code (IBC). The Resolution Professional (RP) submitted a progress report. The report indicated that the RP charged Rs. 4,25,000 plus taxes for August 2017, but only Rs. 1,75,000 lump sum for September 2017. The court found no reason for the increase in fees for August 2017 and required clarification. The court directed the RP to present in court on the next date of hearing and further directed that the CoC should decide over the matter why August, 2017 fee's is about 3 times of the Sept, 2017 fees. The matter was listed on 2017-10-04.

M/s. Naresh Kumar & Company Pvt. Ltd. initiated a case against Kalyanpur Cements Ltd. under the Insolvency and Bankruptcy Code (IBC). The Resolution Professional (RP) submitted a progress report. The report indicated that the RP charged Rs. 4,25,000 plus taxes for August 2017, but only Rs. 1,75,000 lump sum for September 2017. The court found no reason for the increase in fees for August 2017 and required clarification. The court directed the RP to present in court on the next date of hearing and further directed that the CoC should decide over the matter why August, 2017 fee's is about 3 times of the Sept, 2017 fees. The matter was listed on 2017-10-04.