The case involves CP(IB) No 421/KB/2017, CA(IB) No.427/KB/2018, and CA (IB) No. 525/KB/2018 before the National Company Law Tribunal (NCLT), Kolkata Bench. The order addresses the payment of fees and resolution costs to the Resolution Professional. The Hon'ble NCLAT had previously set aside an order dated August 3, 2018, of the Adjudicating Authority in Company Appeal (AT)(Insolvency) No. 456 of 2018.
The case involves a corporate insolvency resolution process. Punjab National Bank is the Financial Creditor, and Mintri Tea Company Pvt Ltd is the Corporate Debtor. The NCLAT had previously set aside an order of the Adjudicating Authority. The core issue revolves around the payment of fees and resolution costs to the Resolution Professional. The NCLAT directed the Corporate Debtor to pay the full amount approved by the Committee of Creditors, with Punjab National Bank responsible for checking and approving the bills. The Financial Creditor's counsel submitted that the approved bills were forwarded to the Corporate Debtor for payment, leading to the closure of the proceedings in CP(IB)No.421/KB/2017 by the NCLT.
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Date of the or…
Hearing on 13t…
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The case involves CP(IB) No 421/KB/2017, CA(IB) No.427/KB/2018, and CA (IB) No. 525/KB/2018 before the National Company Law Tribunal (NCLT), Kolkata Bench. The order addresses the payment of fees and resolution costs to the Resolution Professional. The Hon'ble NCLAT had previously set aside an order dated August 3, 2018, of the Adjudicating Authority in Company Appeal (AT)(Insolvency) No. 456 of 2018.
The case involves a corporate insolvency resolution process. Punjab National Bank is the Financial Creditor, and Mintri Tea Company Pvt Ltd is the Corporate Debtor. The NCLAT had previously set aside an order of the Adjudicating Authority. The core issue revolves around the payment of fees and resolution costs to the Resolution Professional. The NCLAT directed the Corporate Debtor to pay the full amount approved by the Committee of Creditors, with Punjab National Bank responsible for checking and approving the bills. The Financial Creditor's counsel submitted that the approved bills were forwarded to the Corporate Debtor for payment, leading to the closure of the proceedings in CP(IB)No.421/KB/2017 by the NCLT.
Date of the or…
Hearing on 13t…
Sign in to view related legal provisions.