The case involves an application (IA-3832/2021) filed by the erstwhile Resolution Professional (RP), Ms. Karuna Sharma, seeking direction to the Respondent, M/s. Vogue Clothiers Pvt. Ltd., to pay Rs. 27,88,908/- which comprises the professional fee and expenses incurred during the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Another application (IA-4028/2022) was also under consideration.
The erstwhile Resolution Professional (RP), Ms. Karuna Sharma, filed an application (IA-3832/2021) seeking payment of Rs. 27,88,908/- from the Respondent, M/s. Vogue Clothiers Pvt. Ltd., to cover professional fees and expenses incurred during the CIRP of the Corporate Debtor. Another application, IA-4028/2022, was also listed. The court noted that no one was present for IA-4028/2022. The applicant's counsel later appeared, citing difficulties with virtual connection. The relevance of the fee payment lies in the completion of the CIRP and the need to compensate the RP for services rendered.
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The order regarding…
The IA was listed on 17.01.2023 after the…
The case involves an application (IA-3832/2021) filed by the erstwhile Resolution Professional (RP), Ms. Karuna Sharma, seeking direction to the Respondent, M/s. Vogue Clothiers Pvt. Ltd., to pay Rs. 27,88,908/- which comprises the professional fee and expenses incurred during the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Another application (IA-4028/2022) was also under consideration.
The erstwhile Resolution Professional (RP), Ms. Karuna Sharma, filed an application (IA-3832/2021) seeking payment of Rs. 27,88,908/- from the Respondent, M/s. Vogue Clothiers Pvt. Ltd., to cover professional fees and expenses incurred during the CIRP of the Corporate Debtor. Another application, IA-4028/2022, was also listed. The court noted that no one was present for IA-4028/2022. The applicant's counsel later appeared, citing difficulties with virtual connection. The relevance of the fee payment lies in the completion of the CIRP and the need to compensate the RP for services rendered.
The order regarding…
The IA was listed on 17.01.2023 after the…