Page 468 - IBC Orders us 7-CA Mukesh Mohan

Order Passed under Sec 7
By Hon’ble NCLT Chandigarh Bench
IN THE NATIONAL COMPANY LAW TRIBUNAL
CHANDIGARH BENCH

C.P. (I.B.) No. 31/7/NCLT/CHD/HP/2017

Decided On: 04.08.2017

Applicant: Jeena and Co.
Vs.
Respondent: Inox wind limited

Judges/Coram:
Hon'ble Sh. Mr. R.P. Nagrath, Member Judicial.

Counsels:
For Appellant/Petitioner/Plaintiff: Ms. Samiya Singh, Learned Advocate & Mr. Bhupesh Gupta,
Proposed interim resolution professional.

For Respondents/Defendant: Mr. Pulkit Srivastava, Learned Advocate with Mr. Kalyan Ghosh, Head-
Legal.

ORDER

Hon'ble Sh. R.P. Nagrath, J. (Member (J))

The matter has been listed today to comply with the directions issued by the Hon'ble National Company
Law Appellate Tribunal, New Delhi in Company Appeal (AT) (Insolvency) No. 103 & 108 of 2017 -
Inox Wind Ltd. Vs. Jeena & Co. The Hon'ble Appellate Tribunal has set aside the judgement passed by

this Tribunal in this case and passed the following directions: -

"7. ......................................................... The Adjudicating Authority

is directed to close the proceeding. .............................................

8. Learned Adjudicating Authority will now determine the fee of Interim
Resolution Professional and the appellant will pay the fees of the Interim
Resolution Professional for the period he has worked."

The Insolvency Resolution Professional and learned counsel for both the parties have made separate

statements with regard to the amount of fee of Insolvency Resolution Professional. They have agreed for
a fee of Rs. 3 lacs.

The fee of the Insolvency Resolution Professional is assessed at Rs. 3 lacs. Out of the total fee of Rs. 3
lacs, the "Operational Creditor" has paid Rs. 1.75 lacs to the Insolvency Resolution Professional which

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