NCLAT Upholds Jurisdiction of Adjudicating Authority to Determine Fees and Expenses of RP

The bench approved the fees of Rs. 7,30,000/- and the CIRP expenses of Rs. 2,41,512/- but invalidated the additional Rs. 3,01,427/- expenses directive
By Ashkar Tovarishch - On July 30, 2024 12:13 pm - 2 mins read
NCLAT - NCLAT Delhi - Adjudicating Authority - Fees and Expenses of RP - Resolution Professional - taxscan

The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has upheld the jurisdiction of the Adjudicating Authority ( National Company Law Tribunal, Jaipur Bench ) to determine the fees and expenses of the Resolution Professional ( RP ). The Corporate Insolvency Resolution Process ( CIRP ) against Raj Buildhome Pvt….

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