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2017 (11) TMI 1647 - Tri - Companies LawCorporate insolvency process - Operational Creditor has proposed Ms. Bhavna Sanjay Ruia as Interim Resolution Professional for Corporate Insolvency Resolution Process with exorbitant amount of fee quoted - Held that:- The remuneration quoted by the IRP is quite exorbitant and the same needs to be referred to IBBI. Though there are no prescribed set of Rules and Regulations/ Guidelines at present with regard to the fee to be payable to the IRP/ RP, the Adjudicating Authority is of the considered view that the fee quoted by the professionals should be reasonable, commensurate with the work to be handled. In view of the above we recommend the matter to IBBI for taking appropriate action/remedial measure against the Proposed IRP including disciplinary action if any, as deemed fit.
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