Resolution Professional Not Entitled to Fees during Stay on Insolvency Proceedings

IndusInd Bank Ltd. Vs Rajendra K. Bhuta (NCLAT Delhi)

When the Hon’ble Supreme Court by Interim Order dated 26^th November, 2018 has stayed the insolvency proceedings which proceedings ultimately were set aside by the final Judgment dated 2^nd September, 2019, we are of the view that Resolution Professional is not entitled for any fee after 26^th November, 2018. The RP is entitled for fee from 13t^h June, 2018 to 25t^h November, 2018 hence the Order of the Adjudicating Auth

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