The case involves an application (MA/677/2019) in a corporate insolvency resolution process (CP/514/IB/2017). The liquidator and his counsel are present. The applicants who filed schemes seek a direction to include the liquidator's fee as per Regulation 4(3) of the IBBI (Liquidation Process) Regulations, 2016, and the professional fee as per Regulation 7 of the same regulations, as part of the liquidation cost under Section 230 of the Companies Act, 2013.
The liquidator, S Dhanapal, of Servalakshmi Paper Ltd, is seeking a direction to include his fees and professional fees in the liquidation cost as per IBBI regulations. The application is MA/677/2019 in CP/514/IB/2017. The liquidator's counsel is present. One of the applicants who filed a scheme is represented by Mr. Ravi Rajagopalan. The liquidator is directed to present the proposal to the CoC and verify the company's assets.
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CP/514/IB/2017…
Order passed directing…
The case involves an application (MA/677/2019) in a corporate insolvency resolution process (CP/514/IB/2017). The liquidator and his counsel are present. The applicants who filed schemes seek a direction to include the liquidator's fee as per Regulation 4(3) of the IBBI (Liquidation Process) Regulations, 2016, and the professional fee as per Regulation 7 of the same regulations, as part of the liquidation cost under Section 230 of the Companies Act, 2013.
The liquidator, S Dhanapal, of Servalakshmi Paper Ltd, is seeking a direction to include his fees and professional fees in the liquidation cost as per IBBI regulations. The application is MA/677/2019 in CP/514/IB/2017. The liquidator's counsel is present. One of the applicants who filed a scheme is represented by Mr. Ravi Rajagopalan. The liquidator is directed to present the proposal to the CoC and verify the company's assets.
CP/514/IB/2017…
Order passed directing…