IRP fees to be paid from date of charge till date of appointment of new resolution professional

Rajendra Prasad Tak Vs Giridhari Lal Sharma (NCLAT Chennai)

NCLAT Chennai held that fees is payable to Interim Resolution Professional (IRP) from the date he took charge of IRP till the date of appointment of new Resolution Professional. Accordingly, directed to pay additional fees from 53 days.

Facts- The Indian Renewable Energy Development Agency Limited (IREDA) being Respondent No.3 in these instant Appeal, had filed a Section 7 of I & B Code, application for initiation of CIRP proceedings as against the Noble Ispat and Energies Limited (the Corporate

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