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2021 (8) TMI 157 - Tri - Insolvency and BankruptcyDirection for fixation of fees of the applicant/IRP for the period from 19.10.2019 till 07.01.2020 - seeking to decide about the person liable to pay the said fee of the IRP and also to decide the person who will pay the expenses incurred during the CIRP period - HELD THAT:- The expenses of ₹ 83,032/- made during 19/09/2019 to 17.10.2019 and the fee for the IRP as ₹ 1,25,000/- (approved and ratified) were paid to the IRP. Further the fee of the IRP has already been ratified by the CoC for ₹ 1,25,000/- per month plus applicable taxes and the expenses of ₹ 97,028/- made during 17.10.2019 to 11.12.2019 were ratified in the 3rd CoC meeting dated 13.12.2019. The IRP has also placed on records documents for expense of ₹ 88,474/- made during 12.12.2019 to 07.01.2020 however, the same could not be ratified as the CIRP was set aside and CoC meeting could not be conducted for the same. The Applicant who has filed the application under Section 7 or 9 of the Code i.e. Respondent No. 3 in the present application is liable to bear all the expenses as explained in sub-regulation 4 of Regulation 33, and he can get the amount reimbursed by the Committee of Creditors i.e. Respondent No. 1. Hence, the IRP shall be paid his profession fee i.e. ₹ 1,25,000/- per month plus taxes and all expenses from 17.10.2019 to 07.01.2020. Application is allowed and disposed of.
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