Person filing CIRP application is liable to bear expense/ fees of Interim Resolution Professional

Guru Containers Vs Jitendra Palande (NCLAT Delhi) NCLAT Delhi held that regulation 33 of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the operational credit (i.e. the person filing CIRP application) is liable to bear the expense/ fees of Interim Resolution Professional. Facts- The present appeal filed under Section 61 of Insolvency and Bankruptcy Code 2016 (IBC) by the Appellant arises out of the Order dated 07.12.2022 (Impugned Order) passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench). By the ...