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2023 (8) TMI 550 - SC ORDERSanction of the One Time Settlement (OTS)/compromise proposal - HELD THAT:- As per the terms of the clause 10 of OTS, all expenses from the date of appointment of the Resolution Professional (RP) on 03.01.2020 till the date of OTS Sanction/sanction advice, that is 21.07.2020, have to be met by the respondent – Bank of Baroda. Post the OTS sanction/sanction advice, the expenses have to borne and paid by the borrower, that is, the appellant – Pitampur Poly Products Limited. The RP who is present through video conferencing and has drawn our attention to the Statement of RP Fees and Expenses (Security, Lawyer etc.), enclosed at page 330 of the appeal paper book. She agrees that an amount of Rs.2,36,000/- remains to be paid as fees, which she accepts will be for the period upto 04.08.2020. In addition, the expenses of Rs.5,22,902/- are payable as legal fees, security guard expenses etc. The RP on being questioned has stated, that the market value of the property of which title deed/document are with the respondent – Bank of Baroda is about Rs.2,00,00,000/-. The respondent – Bank of Baroda directed to make a payment of RS.3,79,451/- being 50% of the total amount of Rs.7,58,902/- due to RP, within a period of one month from today - appeal disposed off.
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