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No fee could be charged by Liquidator under scheme of section 230 of Companies Act, 2013
Case Law Details
- Case Name
- CA Jai Narayan Gupta Vs Radhasiriya Properties Pvt. Ltd. (NCLAT Delhi)
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- Only available for paid members
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- NCLAT
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CA Jai Narayan Gupta Vs Radhasiriya Properties Pvt. Ltd. (NCLAT Delhi)
No fee could be charged by Liquidator under scheme of section 230 of Companies Act, 2013 read with Regulation 2B of Liquidation Regulations, 2016
Conclusion: No fee could be charged from the Scheme Proponent, who had submitted the Scheme under Section 230 of the Companies Act, 2013 read with Regulation 2B of Liquidation Regulations, 2016. Liquidator was entitled to fee under Section 34 of the Insolvency and Bankruptcy Code, 2016 (IBC) and Regulation 4 of the Liquidation Regulations, 2016, therefore, Adjudicating Authority h...
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