NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Ashok Bhushan, Chairperson, Indevar Pandey, Member (Technical)
Harshad Deshpande – Appellant
Versus
Rakesh Kumar Relan – Respondent
| Table of Content |
|---|
| 1. overview of the irp's service fee dispute and procedural history. (Para 1 , 2 , 3) |
| 2. appellant's contention that partial cirp activity warrants full professional remuneration. (Para 4 , 5 , 6 , 7 , 8 , 9 , 10) |
| 3. statutory minimum fee applicability under regulation 34-b despite partial stay orders. (Para 11 , 12 , 13 , 14 , 15 , 16 , 18) |
| 4. limited liability and formal role of the replacement resolution professional. (Para 19 , 20 , 21) |
| 5. coc's authority to evaluate commercial compensation based on actual statutory duties performed. (Para 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37) |
| 6. tribunal determination that irp fees are contingent upon the nature and extent of active statutory functions. (Para 38 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51) |
| 7. adjudicating authority's equitable power to award pro-rata fees when substantive cirp functions are restrained. (Para 52 , 53 , 54 , 56 , 57 , 58 , 59) |
INDEVAR PANDEY, MEMBER (T)
The present appeal has been preferred by the Appellant, CMA Harshad Deshpande, who had been appointed as the Interim Resolution Professional (“IRP”) of the Corporate Debtor, namely M/s Shri Tradco D
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