NCLAT Affirms Adjudicating Authority’s Power to Determine Fees & Expenses of RP

Khozim Yusuf Nagarwala Vs Satyendra Prasad Khorania Erstwhile RP of Raj Buildhome Pvt. Ltd. (NCLAT Delhi)

In a significant ruling, the National Company Law Appellate Tribunal (NCLAT), Delhi, has upheld the jurisdiction of the Adjudicating Authority (National Company Law Tribunal) to determine the fees and expenses of the Resolution Professional (RP). The judgment in the case of Khozim Yusuf Nagarwala Vs Satyendra Prasad Khorania, erstwhile RP of Raj Buildhome Pvt. Ltd., highlights the procedural nuances and authority vested in the NCLT under the Insolvency and Bankruptcy Code (IBC)

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