Tribunal directs CoC to take necessary action in regard to reimbursing all the fees due including the CIRP costs and Professionals’ fees incurred by the Resolution Professional – Ajay Kumar Agarwal Vs. Radico Khaitan Ltd. and Ors. – NCLT Kolkata Bench
The Hon’ble NCLT Kolkata Bench held that it is obvious that an Insolvency Professional who is engaged to perform his/her duty as a Resolution Professional is entitled to be remunerated by way of paying fees for his labour and work and accordingly the fees and expenses are to be approved by the COC.