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2019 (9) TMI 362 - SCH - Insolvency and BankruptcyCosts of the interim resolution professional - who shall bear the costs? - HELD THAT:- Regulation 33(3) indicates that the applicant is to bear expenses incurred by the RP, which shall then be reimbursed by the Committee of Creditors to the extent such expenses are ratified. In the present case, no Committee of Creditors was ever appointed as the interim resolution process did not reach that stage. In these circumstances, it is clear that whatever the Adjudicating Authority fixes as expenses will be borne by the creditor who moved the application. The impugned judgment dated 02.08.2017 is set aside only to the extent that these expenses are to be paid by the Corporate debtor - appeal allowed.
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