# In the matter of Vogue Clothiers Pvt. Ltd. IA-3832-2021, IA-4028-2022 in (IB)-1593(ND)2019

> NCLT judgment dated 2022-12-08. Citation: TCN-2022-NCLT-00206. The case involves an application (IA-3832/2021) filed by the erstwhile Resolution Professional…

- **Court:** NCLT
- **Order date:** 8 Dec 2022
- **Citation:** TCN-2022-NCLT-00206
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/vogue-clothiers-pvt-ltd-ia-3832-2021-ia-4028-2022-in-ib-1593nd2019-1e649ef2

## Summary

### Background

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.

## Facts

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.

## Issues and analysis

### Issue 1: Whether the Respondent should be directed to pay the professional fees and expenses of the …

**Ratio:** The IBBI is the appropriate authority to examine and dispose of matters related to

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**Reasoning:** The court determined that the matter of professional fees and expenses should be referred

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**Interpretation:** This indicates that the NCLT recognizes the IBBI's regulatory role in

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**Application:** The court applied this principle by referring the application (IA-3832/2021) to

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## Parties

- **Judges:** Sh. Ashok Kumar…; Shri. L. N.…
- **Appellants:** M/s. Utsav…
- **Respondents:** M/s. Vogue…

## Timeline

- **2022-12-08 — Order Del…**: The order regarding IA-3832/2021…
- **2023-01-17 — IA Liste…**: The IA was listed on 17.01.2023 after the counsel appeared physically and the earlier…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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