Position of ‘Fees of the Resolution Professional’ under the Insolvency Resolution Process
By: Pulkit Khare INTRODUCTION Recently an issue with respect to the payment of remuneration for services rendered by an Interim Resolution Professional (hereinafter IRP) was witnessed by Insolvency Bankruptcy Board of India (hereinafter Board). A Complaint was filed by a Resolution Professional (hereinafter RP) against an erstwhile IRP highlighting the illegal transfer of the ‘remuneration for the services of the IRP’ which were received by … Continue reading Position of ‘Fees of the Resolution Professional’ under the Insolvency Resolution Process
