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2021 (12) TMI 1275 - NATIONAL COMPANY LAW TRIBUNAL , GUWAHATI BENCHPayment of Transaction Audit Fees - Section 60(5) of IBC read with Rule 11 of NCLT Rules - HELD THAT:- It is clear that the Suspended Management /Directors have neither cooperated fully nor they have provided the complete book of accounts, despite sufficient opportunities given, as required under Sec 19 of IBC for completion of the CIRP. The Transaction Auditor, the Applicant here has not submitted Complete Transaction Audit Report for want of cooperation from the Directors and availability books of accounts of the CD. The Transaction Audit Report submitted by the Applicant is not complete. Hence the Suspended Management is hereby directed to file reply affidavit to the reported irregularities undertaken by the CD as mentioned in the Report and the reasons for their non - cooperation/non supply of all books of accounts, within 10 days from today - Transaction Audit Report is not complete. Considering the work done by the Applicant and the Unit being a Coaching Institute, it is reasonable for the CoC to pay ₹ 3,00,000.00 plus applicable GST i.e. ₹ 60000.00 per year - application disposed off.
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