Published on :
Updated on :
The Supreme Court has upheld an order passed by the National Company Law Appellate Tribunal (NCLAT) directing an Operational Creditor to pay the CIRP costs and fees after the dismissal of his insolvency plea. (Rajkumar Brothers And Production Pvt Ltd vs Harish Amilineni Shareholder and erstwhile Director of Amilionn Technologies Private Limited & Anr)
Dismissing the appeal filed by the Operational Creditor, a Bench of Justices Indira Banerjee and Sanjiv Khanna said,
“The Respondent (Corporate Debtor) having succeeded, cannot be saddled with the costs of the Corporate Insolvency Resolution Process (CIRP) initiated at the behest of the Appellant or with the fees…
Read the full article at: https://www.barandbench.com/news/litigation/supreme-court-upholds-order-directing-operational-creditor-to-pay-cirp-costs-fees-dismissal-insolvency
