2022 (11) TMI 165 - AT - Insolvency & Bankruptcy
Direction for payment of Rs. 15,00,000/- as a consolidated fee to the Resolution Professional for the entire CIRP period - HELD THAT:- In view of the resolution in its fifth meeting of Committee of Creditors held on 23rd September, 2020 whereby the Committee of Creditors approved the fees of Resolution Professional at the rate of Rs. 2.50 lacs per month with a maximum of Rs. 15 lacs, the Adjudicating Authority has rightly considered all these facts and also recommendation of the Committee of Creditors.
The instant Appeal is hereby dismissed devoid of merit.