The case involves a dispute over the payment of expenses incurred by the Interim Resolution Professional (IRP). The IRP's fees were initially approved, but issues arose regarding the payment of expenses, specifically concerning invoices and parking charges for Mercedes cars. HDFC Bank, the financial creditor, raised objections to these expenses.
Tathagata Bhattacharya filed a case against World Consulting & Research Corpn. Pvt. Ltd. The court directed a lump sum amount of Rs. 2,25,000/- to be paid to the IRP. The IRP's bill was approved in the second meeting of the CoC. HDFC Bank, represented by Adv. Gurmeet Bindra, objected to the expenses of the IRP/RP, which were ratified in the previous meeting of the Committee of Creditors. The bank raised objections regarding counsel fees for appearances when the counsel did not appear and parking charges for two Mercedes cars. The minutes of the meetings of the CoC were placed on record. The court considered the submissions and directed HDFC Bank to pay the outstanding expenses. HDFC Bank, holding 100% voting shares, wished to change the IRP, and the court permitted
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A lump sum amount of…
The lump sum fee was paid to Mr. Pankaj…
The case involves a dispute over the payment of expenses incurred by the Interim Resolution Professional (IRP). The IRP's fees were initially approved, but issues arose regarding the payment of expenses, specifically concerning invoices and parking charges for Mercedes cars. HDFC Bank, the financial creditor, raised objections to these expenses.
Tathagata Bhattacharya filed a case against World Consulting & Research Corpn. Pvt. Ltd. The court directed a lump sum amount of Rs. 2,25,000/- to be paid to the IRP. The IRP's bill was approved in the second meeting of the CoC. HDFC Bank, represented by Adv. Gurmeet Bindra, objected to the expenses of the IRP/RP, which were ratified in the previous meeting of the Committee of Creditors. The bank raised objections regarding counsel fees for appearances when the counsel did not appear and parking charges for two Mercedes cars. The minutes of the meetings of the CoC were placed on record. The court considered the submissions and directed HDFC Bank to pay the outstanding expenses. HDFC Bank, holding 100% voting shares, wished to change the IRP, and the court permitted
…A lump sum amount of…
The lump sum fee was paid to Mr. Pankaj…