The case involves a dispute over the payment of remuneration to the Resolution Professional (RP). Two members of the Committee of Creditors (CoC) have not paid their share of the remuneration. Muthoot Finance Limited owes Rs. 6,61,200, and Hinduja Leyland Finance Limited owes Rs. 55,500. Hinduja Leyland Finance Limited has not been served notice, but Muthoot Finance Limited has been served, and a counter has been filed. The Supreme Court had previously directed that an application under Section 9 be dismissed, but the RP was given liberty to work out the claims of home buyers and settle them. During the hearing, it was submitted that if any direction is issued to Muthoot Finance Limited for payment to the RP, a direction may be given to the Corporate Debtor for making
…Chitra Srinivas is the Resolution Professional (RP). Muthoot Finance Limited and Hinduja Leyland Finance Limited are members of the Committee of Creditors (CoC). Two members of the CoC have not paid their share of remuneration to the RP. Muthoot Finance Limited owes Rs. 6,61,200, and Hinduja Leyland Finance Limited owes Rs. 55,500. Hinduja Leyland Finance Limited has not been served notice. The Supreme Court had previously directed that an application under Section 9 be dismissed, but the RP was given liberty to work out the claims of home buyers. During the hearing, it was submitted that if any direction is issued to Muthoot Finance Limited for payment to the RP, a direction may be given to the Corporate Debtor for making payment to Muthoot Finance Limited. Muthoot
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The case involves a dispute over the payment of remuneration to the Resolution Professional (RP). Two members of the Committee of Creditors (CoC) have not paid their share of the remuneration. Muthoot Finance Limited owes Rs. 6,61,200, and Hinduja Leyland Finance Limited owes Rs. 55,500. Hinduja Leyland Finance Limited has not been served notice, but Muthoot Finance Limited has been served, and a counter has been filed. The Supreme Court had previously directed that an application under Section 9 be dismissed, but the RP was given liberty to work out the claims of home buyers and settle them. During the hearing, it was submitted that if any direction is issued to Muthoot Finance Limited for payment to the RP, a direction may be given to the Corporate Debtor for making
…Chitra Srinivas is the Resolution Professional (RP). Muthoot Finance Limited and Hinduja Leyland Finance Limited are members of the Committee of Creditors (CoC). Two members of the CoC have not paid their share of remuneration to the RP. Muthoot Finance Limited owes Rs. 6,61,200, and Hinduja Leyland Finance Limited owes Rs. 55,500. Hinduja Leyland Finance Limited has not been served notice. The Supreme Court had previously directed that an application under Section 9 be dismissed, but the RP was given liberty to work out the claims of home buyers. During the hearing, it was submitted that if any direction is issued to Muthoot Finance Limited for payment to the RP, a direction may be given to the Corporate Debtor for making payment to Muthoot Finance Limited. Muthoot
…The Hon'ble Supreme Court directed that…
Hearing held a…