The National Company Law Tribunal New Delhi bench of Manni Sankariah Shanmuga Sundaram (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member) has rejected an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) by a Senior Advocate for non-payment of Rs. 6.26 Crore legal fees.
The bench noted that there exists a pre-existing dispute regarding the invoices issued, as they do not conform to the agreed schedule of fees. The invoices contained discrepancies that have not been rectified despite prior communications highlighting these issues.
The bench noted that this discrepancy underscores a substantial dispute between the parties concerning the legitimacy of the invoiced amounts….
