Quantification of CIRP cost - monthly fees payable to the ...

Tribunal Rules on CIRP Cost Quantification; Monthly Service Agreement Fees Cannot Be Contested Without Clear Errors.

June 1, 2022

Case Laws     Insolvency and Bankruptcy     AT

Quantification of CIRP cost - monthly fees payable to the Applicant under the Service Agreement - This Tribunal has clearly laid down that findings on questions of fact, how-so-ever erroneous cannot be allowed to be questioned. However, mistake which have due to oversight, inadvertence or human error can be corrected. Further it was held that it would be open to correct the conclusion if the same is not compatible with the finding recorded on the issues raised. - AT

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