CBIC Master Circular/NCLT Rule 112 does not restrict CIRP costs or RP/IRP fees and No exemption from bearing the expenses and fees of Resolution Professional and CIRP cost – The Commissioner Central Goods & Service Tax Vs. East India Transport Agency – NCLAT New Delhi

In this case, the Learned Counsel for the Appellant submitted that Rule 112 of NCLT Rules, 2016 has restricted collection of any kind of fees payable from the Central Government at the time of filing any application and hence CIRP costs cannot be collected from them. It is further submitted that it is not justified on the part of the Adjudicating Authority to compel the Appellants to pay CIRP costs when they voted against this resolution in the CoC meeting. It was further added that the CBIC Master Circular No. 1081/02/2022-CX dated 19.01.2022 also do not provide scope for payment of IRP fees and CIRP costs.

CBIC Master Circular/NCLT Rule 112 does not restrict CIRP costs or RP/IRP fees and No exemption from bearing the expenses and fees of Resolution Professional and CIRP cost – The Commissioner Central Goods & Service Tax Vs. East India Transport Agency – NCLAT New Delhi Read Post »