The case involves a dispute over the remuneration of the previous Resolution Professional (RP) in the matter of Vinayak Advertising Vs. Rajesh Gems and Jewels Pvt. Ltd. & Ors. The Operational Creditor, being the largest claimant in the Committee of Creditors (COC), sought a review of the order concerning the RP's remuneration, arguing that the remuneration had not been paid despite specific directions. The COC had ratified and confirmed the RP's expenses. The RP filed another application based on the COC's request to liquidate the Corporate Debtor. The court noted the absence of a concrete liquidation proposal. The key facts are the non-payment of the RP's remuneration, the COC's ratification of expenses, and the COC's request for liquidation.

The case involves a dispute over the remuneration of the previous Resolution Professional (RP) in the matter of Vinayak Advertising Vs. Rajesh Gems and Jewels Pvt. Ltd. & Ors. The Operational Creditor, being the largest claimant in the Committee of Creditors (COC), sought a review of the order concerning the RP's remuneration, arguing that the remuneration had not been paid despite specific directions. The COC had ratified and confirmed the RP's expenses. The RP filed another application based on the COC's request to liquidate the Corporate Debtor. The court noted the absence of a concrete liquidation proposal. The key facts are the non-payment of the RP's remuneration, the COC's ratification of expenses, and the COC's request for liquidation.