M/s. Sun Control Systems (Partnership Firm) filed a petition against M/s. Aarcity Infrastructure Pvt. Ltd. under Section 9 of the IB Code, 2016. The IRP has left the determination of fees and expenses to the Tribunal. The Tribunal is exercising its power under Regulation 33(2) to fix expenses. The IRP claimed certain fees and expenses. The Tribunal considered the fee and expenses claimed by the IRP and determined that an amount of Rs. 6,00,000/- is reasonable. The Corporate Debtor is required to pay this amount within two weeks. Upon payment, the CIRP will end, and the Corporate Debtor will be released from the clutches of CIRP. The RP is directed to hand over the possession of the properties taken by him if any in the matter. Compliance of this order may be reported

M/s. Sun Control Systems (Partnership Firm) filed a petition against M/s. Aarcity Infrastructure Pvt. Ltd. under Section 9 of the IB Code, 2016. The IRP has left the determination of fees and expenses to the Tribunal. The Tribunal is exercising its power under Regulation 33(2) to fix expenses. The IRP claimed certain fees and expenses. The Tribunal considered the fee and expenses claimed by the IRP and determined that an amount of Rs. 6,00,000/- is reasonable. The Corporate Debtor is required to pay this amount within two weeks. Upon payment, the CIRP will end, and the Corporate Debtor will be released from the clutches of CIRP. The RP is directed to hand over the possession of the properties taken by him if any in the matter. Compliance of this order may be reported