The case involves a corporate insolvency resolution process under the IBC. The Hon'ble Appellate Tribunal in Company Appeal (AT)(Insolvency) No.482 of 2018 has set aside the order of admission with a direction regarding the payment of fees to the Interim Resolution Professional (IRP). The IRP has submitted a memo of cost to the Corporate Debtor.
The case originates from a Corporate Insolvency Resolution Process (CIRP) initiated against Stone India Ltd. An Interim Resolution Professional (IRP) was appointed. The Appellate Tribunal, in Company Appeal (AT)(Insolvency) No.482 of 2018, set aside the initial order of admission. The Appellate Tribunal directed that the Corporate Debtor should pay the fees of the IRP for the period he functioned. The IRP has submitted a memo of cost to the Corporate Debtor. The Corporate Debtor is now directed to consider and decide on the fees demanded by the IRP. The matter is listed for hearing on 13.02.2019 regarding the fixation of IRP fees.
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Appellate Tribunal set…
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The case involves a corporate insolvency resolution process under the IBC. The Hon'ble Appellate Tribunal in Company Appeal (AT)(Insolvency) No.482 of 2018 has set aside the order of admission with a direction regarding the payment of fees to the Interim Resolution Professional (IRP). The IRP has submitted a memo of cost to the Corporate Debtor.
The case originates from a Corporate Insolvency Resolution Process (CIRP) initiated against Stone India Ltd. An Interim Resolution Professional (IRP) was appointed. The Appellate Tribunal, in Company Appeal (AT)(Insolvency) No.482 of 2018, set aside the initial order of admission. The Appellate Tribunal directed that the Corporate Debtor should pay the fees of the IRP for the period he functioned. The IRP has submitted a memo of cost to the Corporate Debtor. The Corporate Debtor is now directed to consider and decide on the fees demanded by the IRP. The matter is listed for hearing on 13.02.2019 regarding the fixation of IRP fees.
Appellate Tribunal set…
Hearing on…