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2021 (4) TMI 1064 - Tri - Insolvency and BankruptcySeeking fixing of the CIRP costs and fee of the applicant along with directions to the Respondent No. 1 to pay the same - section 60(5) of the I & B Code, 2016 read with Regulations 33(2) of the Insolvency And Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016 read with Rule 11 of NCLT Rules, 2016 - HELD THAT:- It is on record that CoC in its second meeting has not passed a resolution regarding approval of the fees of IRP nor regarding replacement of IRP with RP. In view of order of CIRP being impugned & set aside by NCLAT, the IRP as a prudent officer is required to change reasonably and in our view a sum of ₹ 4 Lakhs plus @18% GST to be paid to 'Interim Resolution Professional' as his fees for period of 61 days. In addition, ₹ 1,86,890/- towards other expenses and ₹ 2 lakhs for security charges and other charges also to be paid to IRP. Thus, Interim Resolution Professional is allowed a total amount of ₹ 7,86,890/- Lakhs approximately which is to be paid by the Respondent No. 2 which should be paid within two weeks. Application allowed.
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