The National Company Law Tribunal (NCLT) has reaffirmed the legal enforceability of costs approved during the Corporate Insolvency Resolution Process (CIRP), highlighting the binding nature of decisions taken by the Committee of Creditors (CoC). In a landmark ruling delivered on December 16, 2025, the Tribunal addressed the financial responsibilities of creditors under the Insolvency and Bankruptcy Code, 2016 (IBC), emphasizing that participation in CoC deliberations without objection constitutes an implicit obligation to contribute to insolvency-related expenses. This judgment, rendered in Mr.VIKRAM KUMAR (Resolution Professional of Dr. Jain Video on Wheels Ltd.) v. CFM Asset Reconstruction Pvt. Ltd., establishes a critical…
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