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2021 (2) TMI 52 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - misuse of Section 420 of the Companies Act, 2013 - mistake apparent on the fact of record for which RP is seeking amendment - HELD THAT:- It is admitted fact that the RP worked for only 39 days and the settled amount is ₹ 1250000/- and the expenses for 39 days is ₹ 17,75,638/- which seems unreasonable and excessive on the face of it. Further the order was passed after consent of both the sides. Further when the order was dictated the counsel appearing on behalf of the RP did not object and also did not brought the fact before the Appellate Tribunal that he is proxy counsel. The argument of the RP that the counsel was proxy counsel and he was not authorised, is an after thought. Further the RP has not made any complaint against the counsel Mr. Rituraj Biswas to the Bar Council of India. Petition dismissed.
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