Resolution Professional’s “success fee” is not included in the IBC: NCLAT

Resolution Professional's

“We believe that success fees,’ which are more contingent and speculative in nature, are not covered by the IBC and rules, and thus are not payable”.

Retired The Punjab & Haryana High Court’s Justice Somnath Aggarwal has been tasked with conducting an investigation into the events that led to the use of force against farmers protesting on August 28, 2021, at the Bastara Toll Plaza in Karnal.

The decision was made following a cabinet meeting on Wednesday, which was chaired by Haryana Chief Minister Manohar Lal Khattar.

The panel, led by Justice Aggarwal, will look into the alleged role of Karnal Sub Divisional Magistrate (SDM) Ayush Sinha and determine who else was involved in the incident.

The commission’s report must be submitted to the state government within a month.

“The Commission of Inquiry will look into the events leading up to and including the police action in Karnal on August 28, 2021, as well as the use of force against protesters.

The Commission will also determine who is responsible for the situation, as well as the involvement of Sh. Ayush Sinha, Karnal Sub Divisional Magistrate, in the police action on August 28, 2021 “, according to a news release issued after the Cabinet meeting.

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I am Ms. Aparna Mallik work to ensure social inclusion and justice, good governance, and citizen’s right. I am currently pursuing B.A LL.B (hons) from KIIT School of Law, Bhubaneswar. I have a keen interest on in legal drafting and research writing and constitutional law. My motive is to work for the social benefits of people and ensuring legal Aid to underprivileged person. I prefer legal writing as it develops eloquence, enhances neuroplasticity, and confidence. It's a bridge to understanding other people as you convey a message. I hope to get opportunities to work on social cause and people’s personal rights and contribute to the same.