The National Company Law Tribunal (NCLT), Kolkata comprising of Smt. Bidisha Banerjee (Judicial Member) and Shri Balraj Joshi (Technical Member) allowed an application filed in Mr. Sanjeev Jhunjhunwala vs. Mr. Bimal Kanti Choudhury against PM Cold Storage Private Limited (Respondent) for the payment of Corporate Insolvency Resolution Process (CIRP) costs and pass an Order appointing another person as the Resolution Professional (RP) for the Goouksheer Farm Fresh Private Limited (“Corporate Debtor).
The Tribunal held that an Insolvency Professional engaged as an RP deserves remuneration for their labor and services as approved by the CoC and once the fees have been approved it cannot be reduced without the consent of the Resolution Profes…
Read the full article at: https://www.livelaw.in/ibc-cases/nclt-kolkata-resolution-professional-deserves-remuneration-for-labor-and-services-as-approved-by-coc-237452