Resolution Professional needs to charge fees in transparent manner: NCLT

Laxman Singh (Ex-Director) of Divineseair Logistics Pvt. Ltd. Vs Kerry Indev Logistics Pvt. Ltd. (NCLAT Delhi) NCLAT Delhi held that the First Schedule of IBBI (Insolvency Professionals) Regulations, 2016 provides that the Resolution Professional is expected to charge his fees in a transparent manner which should be a reasonable reflection of the works undertaken rather than maximizing their own personal benefits. Facts- The present appeal filed u/s. 61 of Insolvency and Bankruptcy Code, 2016 by the Appellant arises out of the Order passed by the Adjudicating Authority (National Company Law Tr...