# In the matter of World Consulting & Research Corpn. Pvt. Ltd. CP No. 1081-2016

> NCLT judgment dated 2018-08-06. Citation: TCN-2018-NCLT-01001. The case involves a dispute over the payment of expenses incurred by the Interim Resolution…

- **Court:** NCLT
- **Order date:** 6 Aug 2018
- **Citation:** TCN-2018-NCLT-01001
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/world-consulting-research-corpn-pvt-ltd-cp-no-1081-2016-5bc59a2f

## Summary

### Background

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.

## Facts

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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## Issues and analysis

### Issue 1: Whether the objections raised by HDFC Bank …

**Ratio:** The court held that the objections were unsustainable because the expenses had been

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**Reasoning:** The court reasoned that the expenses had already been approved by the CoC and that the

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**Interpretation:** This issue concerns the validity of objections raised against expenses already

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**Application:** The court applied this principle to the specific facts, noting that the

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## Parties

- **Judges:** M. M. K…; DeepaKr…
- **Appellants:** Tathagata…
- **Respondents:** World Consulting…

## Timeline

- **2018-05-18 — Direction…**: A lump sum amount of Rs. 2,25,000/-…
- **2018-08-03 — Payment of lum…**: The lump sum fee was paid to Mr. Pankaj Khetan vide HDFC cheque no. 001265 for Rs.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 12(a) — Time-limit for completion of insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-12)

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