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2020 (2) TMI 1075 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Appellant submitted that the Appellant has settled the claim with the Respondent - Operational Creditor and Committee of Creditors has not been constituted - HELD THAT:- The Committee of Creditors has not been constituted, which is also accepted by learned counsel for the Interim Resolution Professional. Interim Resolution Professional having worked for about 20 days, has already incurred cost against publication of notice - ₹ 15,000/- approx., engagement of lawyer - ₹ 1/- lakh approx., travelling expenses - ₹ 50,000/- approx., therefore, we assess the total fee and cost of the Interim Resolution Professional at ₹ 2.75/- lakh. However we round it up at ₹ 3.00 lakh. The Interim Resolution Professional having already paid a sum of ₹ 2 lakh, the Appellant will pay another sum of ₹ 1 lakh to the Interim Resolution Professional immediately but not later than 15 days. Application is disposed off as withdrawn.
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