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NATIONAL COMPANY LAW TRIBUNAL
Shri. Prabhat Kumar, Hon’ble Member (Technical), Shri Sushil Mahadeorao Kochey, Hon’ble Member (Judicial)
Srigopal Choudhary – Appellant
Versus
Pankaj Majithia – Respondent
| Table of Content |
|---|
| 1. jurisdiction of nclt over fees of rp despite grievance mechanisms. (Para 1 , 2 , 3) |
| 2. constitution and contestation of cirp processes and associated roles. (Para 4 , 5 , 6) |
| 3. determination of fees based on compliance with cirp regulations. (Para 17 , 20 , 21) |
| 4. final directions regarding payment of fees to the applicant. (Para 23 , 24 , 25 , 26) |
ORDER
1. The Applicant, Mr. Srigopal Choudhary, being the erstwhile Resolution Professional of the Corporate Debtor has filed the present application on 31.03.2023 under Section 60 (5) of the Insolvency and Bankruptcy Code, 2016 (“Code”), read with Rule 11 of the National Company Law Tribunal Rules, 2016 (“Rules”), seeking directions against the Respondents for the release/payment of fees of the Applicant in the Corporate Insolvency Resolution Process (“CIRP”) of Shree Ram Urban Infrastructure Ltd. (“Corporate Debtor”) in the matter of Company Petition No. 494 of 2019, filed under Section 7 of the Code. The Applicant has prayed for following :
a. Direct the Respondent being Resolution Professional to release amounts from Corporate Debtor's bank account of Rs. 1,42,95,000 (Rupees One Crore Forty-Two Lakhs Ninety-Five Thousa
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