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IRP Not Entitled to Monthly Fees Without CoC Approval: NCLAT Delhi
Case Law Details
- Case Name
- Mohd Nazim Khan Vs HDFC Bank Limited (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Mohd Nazim Khan Vs HDFC Bank Limited (NCLAT Delhi)
The appeal arose from the order dated 10.12.2024 passed by the National Company Law Tribunal, New Delhi Bench, in IA No. 343/2021, whereby the Adjudicating Authority directed the Committee of Creditors (CoC) to pay the appellant, the erstwhile Interim Resolution Professional (IRP), ₹3,00,000 as remuneration and ₹91,308 towards verified expenses as CIRP costs, while declining his claim for ₹29,23,308.
The appellant contended that he served as IRP from 08.08.2019 until his replacement on 20.11.2020 and continued to discharge the functions ...
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